New Zealand Household Saving Declines in June Quarter
MT Newswires Live10-08
New Zealand household savings in the June quarter decreased by NZ$117 million to NZ$2.5 billion, seasonally adjusted, while household net disposable income rose by 0.7%, amounting to an increase of NZ$436 million, compared with the March quarter, according to a report released by Stats NZ on Thursday.
Financial business enterprises' savings decreased NZ$672 million to negative NZ$1.1 billion, while central government savings narrowed to negative NZ$778 million from negative NZ$2.6 billion.
Additionally, household net worth decreased by 0.3%, financial business enterprises saw a net worth decline of 10.5%, and central government net worth increased by 5.1%, per the report.
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