BUSINESS

Greek households lose 2.6 bln in disposable income in Q3 of 2013

Greek household disposable income fell by 2.6 billion euros, or 8 percent, in the third quarter of 2013 compared to a year earlier, according to data published by the Hellenic Statistical Authority (ELSTAT) on Monday.

ELSTAT attributed the fall, which saw disposable income dropping to a total of 30.4 billion euros in Q3 last year, to a 9.9 percent year-on-year fall in employees’ compensation and 8.2 drop in social benefits.

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