Spain in the first quarter registered its first negative savings rate since the series began in 2000, the National Statistics Institute said.
The rate declined 3.3 percentage points from a year earlier to minus 0.6 percent of disposable income, Madrid-based INE said on its website.
The rate was a positive 10.8 percent over the last four quarters, compared with 11.5 percent in the same period a year earlier, INE said yesterday.
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