Ljubljana - With gross disposable income increasing and Covid-19 measures lifting, Slovenian households increased their expenditure by 27.2% year-on-year in the first half of 2022, fresh data from the Statistics Office show. As a result, they were less thrifty than in previous years.

As market conditions improved, gross disposable income of households grew by 11.1% year-on-year, surpassing last year's growth rate by 4.2 percentage points.

In line with increased expenditure, the savings level, measured in correlation to gross disposable income, dropped by 10.6 percentage points and stood at 16%.

The savings rate was lower than in the same period before the pandemic.

Households' investment rate, calculated by dividing gross fixed capital formation of households by gross disposable income, was up by 1.6 percentage points year-on-year and hit 7.1%.