News

Rates round-up: Dec 19

Sunday 18th of December 2011

New Zealand's household savings rate has turned positive for the first time in more than a decade.

Statistics New Zealand figures show New Zealand household sector saving was $200 million in the year to March 2011.

Although this was equal to only 0.2% of household net disposable income, it was the first time since 2000 that the households overall spent less than they earned.

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