Sunday, October 30, 2011
Households' net financial assets continued to fall
Finnish households’ net financial assets totalled EUR 105 billion at the end of the first quater of 2011.
Source: Financial accounts, Statistics Finland
In the second quarter of 2011, households’ net financial assets decreased by 3.6 per cent when compared to the previous quarter. This continued the fall that started in the previous quarter. The change was caused by increasing borrowing by households and the fall in share prices. Households’ net financial assets, or the difference between financial assets and liabilities, totalled EUR 98.6 billion at the end of the second quarter of 2011. These data derive from Statistics Finland’s financial accounts statistics.
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