Total euro area economy
Euro area net saving was broadly unchanged at €902 billion (7.0% of euro area net disposable income) in the four quarters to the first quarter of 2026 compared with €900 billion in the four quarters to the previous quarter. Euro area net non-financial investment decreased to €629 billion (4.9% of euro area net disposable income), due to lower net investment by non-financial corporations and financial corporations (see Chart 1 and Table 1 in the Annex).
Euro area net lending to the rest of the world increased to €307 billion (from €296 billion previously), reflecting the decreased net non-financial investment and broadly unchanged net saving. Households’ net lending increased from €591 billion to €688 billion (5.3% of net disposable income) , and that of non-financial corporations increased from €92 billion to €113 billion (0.9% of net disposable income). Financial corporations’ net lending decreased from €86 billion to -€1 billion. General government net borrowing increased, contributing more negatively (-€493 billion, -3.8% of net disposable income) to euro area net lending.
