P209 CEEFAX 209 Thu 24 Mar 13:57/11
|l4|l4|, ,l4
n1n1 |.% SAVINGS RATIO
/.%/.%/, /,$ DIPS TO 10.2%
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5 News of a sharp fall in the savings j
5 ratio has bolstered expectations of j
5 a sustained economic recovery. j
5 j
5 The ratio of UK personal savings as j
5 a percentage of disposable income j
5 fell to 10.2% in the fourth quarter j
5 of 1993 from 11.0% in the third. j
5 j
5 "The fall...is encouraging, and I j
5 think thj figure will drop to about j
5 8.5% by the end of 1994," one Cit8 j
5 economist was quoted as saying. j
5 j
5 The savings ratio averaged 10.1% in j
5 1991, 12.3% in 1992, and 11.5% in j
5 1993. j
5 j
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