In nominal terms, personal disposable income grew by 7.4% in 3Q 2024, higher than the 4.2% increase in the previous quarter due to stronger growth of compensation of employees and various support measures payments (i.e., Cost-of-Living Special Payment and enhanced GST Voucher cash payout). Personal saving rate increased to 32.1% in 3Q 2024 from 29.5% in the previous quarter.