![](https://oke.gr/sites/default/files/yoy_change_impact_of_covid_v2.jpg)
The EU household saving rate continued with a large year-over-year increase in the fourth quarter of 2020, climbing +6.6 percentage points (pp) higher than it was one year ago.
The main reason for the year-on-year increase is that household final consumption expenditure was 7.0% lower in the EU than it was one year ago.
Source:
Eurostat, 10 May 2021