The savings of Portuguese families rose again in August for the fourth consecutive month to the highest level since November, according to the indicator saving APFIPP / Catholic University released today.
In August, the indicator saving APFIPP / Catholic University reached after 122.3 in July has reached 119 This is the highest since November, when the index reached 120.1.
The confidence indicator reached a peak in the summer of 2013, approaching the 130, and since then coming down, reaching the 112.1 in April.
“With the highest increases that have occurred in the indicator in the months of July and August is countered the downward trend in household savings which had been checking in previous months,” states the Center for Applied Studies of the Catholic in a statement.
This month the indicator saving APFIPP / Catholic University includes the data of the second quarter 2014 reported to the National Institute of Statistics National Accounts, since according to the new European System of Accounts and the new basis in 2011, and with the data of financial savings in the first quarter of the year published by the Bank of Portugal.
save indicator APFIPP / Catholic University seeks to anticipate the evolution of the saving rate of Portuguese households as a percentage of Gross Domestic Product (GDP), corrected for seasonal effects, and results of the analysis of the behavior of a broad set of statistical sources.
save indicator took the value 100 in the last quarter of 2000 when the savings rate was about 8% of the Gross Domestic Product (GDP).
So every 12.5 points of the indicator represent about 1% of GDP. When the indicator reaches the 125 household saving is about 10% of the product.
* This article was written under the new orthographic agreement applied by Lusa Agency
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