German Savings Down by 1/3 YoY
German Households With Lowest 2nd Quarter Savings Rate in 5 Years
– German households saved €55bn in Q2 2022 down 33% YoY.
– The savings ratio came in at 10.1%, which is the lowest second quarter in five years.
– German households saved €55bn in Q2 2022 down 33% YoY.
– The savings ratio came in at 10.1%, which is the lowest second quarter in five years.