ECONOMY

Greek household disposable income down by 6.2% in Q1 of 2013

Household disposable income in Greece fell by 6.2 percent in the first quarter of 2013 compared to the same period a year earlier, the Hellenic Statistical Authority (ELSTAT) said on Thusrday.

Disposable household income fell from 30.9 billion euros to 29 billion euros between Q1 2012 and the same quarter this year.

This was mainly on account of a decrease of 11.1 percent in the compensation of employees and a decrease of 11.7 percent in social benefits received by households, said ELSTAT.

Final household consumption expenditure decreased by 8.9 percent in comparison with the same quarter of the previous year, from 35.6 billion euros to 32.4 billion euros.