Third quarter of 2017 household real income per capita up in the Euro Area and in the EU28

Real consumption per capita also up in both zones

In the euro area, in real terms, household income per capita increased by 0.4 % in the third quarter of 2017, after  an increase of 0.6 % in the previous quarter. Household real consumption per capita increased by 0.4 % in the third quarter of 2017, after an increase of 0.5 % in the second quarter of 2017.

In the EU28, household real income per capita increased by 0.7% in the third quarter of 2017, after an increase of 0.7% in the previous quarter. Household real consumption per capita increased by 0.7% in the third quarter of 2017 after an increase of 0.4% in the second quarter of 2017.

Household real income per capita is defined as the adjusted gross disposable income of households, in nominal terms, divided by the total population (source: National Accounts) and by the deflator (price index) of household final consumption expenditure.

Household real consumption per capita is defined as the actual final consumption expenditure of households, in nominal terms, divided by the total population (source: National Accounts) and by the deflator (price index) of household final consumption expenditure.

The compilation of the European sector accounts follows the European System of Accounts 2010 (ESA2010) and covers the period from the first quarter of 1999 onwards.

Institutional sectors bring together economic units with broadly similar characteristics and behaviour, namely: households (including non-profit institutions serving households), non-financial corporations, financial corporations, government and the rest of the world. In the latter, to measure the external transactions of the euro area / European Union, it is necessary to remove  cross-border flows within the area concerned.

Eurostat’s website includes detailed annual and quarterly sector accounts of Member States of the European Economic Area and derived key indicators published around 120 days after each quarter (which also cover annual indicators such as debt-to- income ratios). A subset of quarterly key indicators is published around 94 days after each quarter.

Due to the conversion to euro, the growth rates of European Union aggregates may be affected by movements in exchange rates.

Compared with News Release 163/2017 of 27 October 2017, the growth rate of household income per capita in real terms for the second quarter of 2017 has been revised from +0.7 % to +0.6 % for the EA19 and from +0.9 % to +0.7 % for the EU28.The growth rate of household consumption has been revised from +0.6 % to +0.5 % for the EA19 and has been revised from +0.5 % to +0.4 % for the EU28.

http://ec.europa.eu/eurostat