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Spanish household and business deposits rose by 5.9% year-on-year in August

MADRID, 27 Sep.

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Spanish household and business deposits rose by 5.9% year-on-year in August

MADRID, 27 Sep. (EUROPA PRESS) -

The set of deposits of households and companies residing in Spain stood at 1,311 billion euros in August, which represents an increase of 0.15% in the month and 5.94% compared to a year earlier, according to the Provisional data from the Bank of Spain.

Family savings broke with 11 consecutive months of increases, in a month that is usually characterized by a decrease in deposits, with a decrease of 0.4% compared to July. Compared to August 2021, however, household savings rebounded by 5.7%, standing at 993.5 billion euros.

For their part, company deposits increased by 1.9% in the month and by 6.7% compared to a year earlier, reaching 317.8 billion euros.

The deposits of all residents in Spain were placed at 1.625 billion euros in the eighth month of the year, which represents an increase of 0.13% compared to the previous month and 3.4% compared to a year before .

The amount of deposits of residents in Spain plus those abroad stood at 1.691 trillion euros in August, which represents a monthly decline of 0.27% and a year-on-year increase of 4.05%.