Total euro area economy
Euro area net saving decreased to €863 billion (6.9% of euro area net disposable income) in the four quarters to the third quarter of 2025 compared with €877 billion in the four quarters to the previous quarter. Euro area net non-financial investment increased to €590 billion (4.7% of euro area net disposable income), mainly due to increased investment by non-financial corporations (see Chart 1 below and Table 1 in the Annex).
Euro area net lending to the rest of the world decreased to €304 billion in the four quarters to the third quarter of 2025 (from €347 billion in the four quarters to the previous quarter), reflecting decreased net saving and increased net non-financial investment. Households net lending was broadly unchanged at €596 billion (4.8% of net disposable income). Non-financial corporations’ net lending decreased to €77 billion (0.6% of net disposable income) from €88 billion. Financial corporations’ net lending decreased to €100 billion (0.8% of net disposable income) from €110 billion. General government net borrowing increased, contributing more negatively (-€469 billion, -3.8% of net disposable income) to euro area net lending.