The savings of Portuguese families rose from November to December, a trend started in May, according to the savings indicator APFIPP / Catholic University (UCP) released this Wednesday.
The savings indicator rose 109 in November to 110.3 in December, the highest in recent years. According to the information disclosed, since May the indicator has then increased every month, pointing to an increase in household savings as a percentage of Gross Domestic Product.
In addition, he adds, that the trend in household savings measured by the quarterly change in savings indicator series and savings measure in the national accounts analyzed, also registered a “slight increase”, pointing to “moderate growth in household savings as a percentage of GDP”.
The savings indicator of the Portuguese Association of Investment Funds, Pensions and Heritage (APFIPP) / CPU includes data from the National Statistics Institute (now according to the new European System of Accounts and the new base 2011), and financial savings of the Bank of Portugal.
The savings indicator APFIPP / CPU tries to anticipate the evolution of the savings rate of Portuguese households as a percentage of GDP, adjusted for seasonal effects, and results from the analysis of the behavior of a wide range of statistical sources.
The savings indicator took the value 100 in the last quarter of 2000 when the savings rate was about 8% of GDP.
So, each indicator of 12.5 points represent about 1% of GDP. When the light reaches the value 125, the household saving is about 10% of the product.
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