Consumer Consumption and Savings Ratio Slightly Increased in March 2022

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Vika Azkiya Dihni 11/04/2022 12:00 WIB

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Bank Indonesia (BI)'s survey shows that the average proportion of consumer income spent on consumption was 74.4%, a slight increase from 74.0% in February 2022.

Consumer Income Proportion by Spending Composition (February-March 2022)

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Consumer Consumption and Savings Ratio Slightly Increased in March 2022

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Consumer Income Proportion by Spending Composition (February-March 2022)

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The average propensity to consume ratio showed a slight increase in March 2022.

Bank Indonesia (BI)'s survey recorded the average proportion of consumer income used for consumption in March 2022 at 74.4%, a slight increase compared to 74.0% in February 2022.

This average consumption ratio increased across most spending levels, particularly among respondents with monthly expenditures of Rp2.1 million to Rp3 million, rising from 73% to 74.5% in March 2022.

The average saving-to-income ratio also rose slightly to 15.9% in March 2022, compared to 15.7% the previous month.

The proportion of savings to income increased across most spending levels, with the highest increase among respondents with expenditures of Rp4.1 million to Rp5 million per month, rising from 16.7% to 18.9% in March 2022.

Meanwhile, the average debt-to-income ratio decreased slightly to 9.7% in March 2022, lower than February 2022's 10.3%.

(Also Read: Survey: Indonesian Consumer Spending Soars by More Than 50% During Ramadan)

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Consumer Consumption and Savings Ratio Slightly Increased in March 2022

Consumer Consumption and Savings Ratio Slightly Increased in March 2022

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Consumer Consumption and Savings Ratio Slightly Increased in March 2022

Consumer Consumption and Savings Ratio Slightly Increased in March 2022

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