Household savings fell again in March, the second consecutive month, according to the savings indicator APFIPP / Catholic University, released this Thursday.
This indicator rose from 87.9 points in February to 79.8 points in March, “motivated by a strong decrease in current savings in the fourth quarter 2014 and an upward revision GDP [gross domestic product] Rated in the first quarter of 2015, “explains the Catholic.
With the inclusion of the March data, household savings, measured by the quarterly change of the study period, has been revised downwards, from an average increase of about 0.04 percentage points of GDP per quarter Since 2013 to a more modest increase of only 0.01-0.02 points in that period.
Since May last year that this indicator had shown increases every month until November recorded a decline from the previous month, and then returned to climb to further decline in February.
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, the SEC2010, and with 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 every 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.
Lusa
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