Household spending continues to outpace income
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20/11/2015. 17:42
노영례
National Accounts (Income and Expenditure): Year ended March 2015
Household income was $134.4 billion (up 0.8 percent), while household spending was $135.3 billion (up 3.3 percent) in the March 2015 year, Statistics New Zealand said today.
Household saving was negative, at -$0.9 billion. Saving for the household sector has been declining since its 2012 peak. Since 2013, household disposable income has increased more slowly than household spending.
"Household income was up in 2015, but the increase was small compared with the past three years as farming and dividend income fell,” national accounts senior manager Gary Dunnet said.
The increase in household spending was driven by spending on housing, household utilities, transport, and restaurants and hotel services.
National accounts income and expenditure statistics for the year ended March 2015 provide a snapshot of the economy’s performance, including household income, spending, and saving.
