Household Consumption Still Contracted by 2.23% in Q1 2021
- A Small Font
- A Medium Font
- A Bigger Font
Consumer purchasing power remained weak in Q1 2021. This is reflected in the continued contraction of household consumption by 2.23% year-on-year (yoy) in January-March 2021.
However, Indonesian household consumption continued to improve from its lowest point in Q2 2020. At that time, household consumption plummeted by 5.52%.
Based on its components, household consumption in the transportation and communication sector experienced the deepest contraction at 4.24%. Household consumption in the restaurant and hotel sector grew by -4.16%; clothing, footwear, and their maintenance services by -2.71%; and food and beverages (excluding restaurants) by -2.31%.
Meanwhile, only two components of household consumption showed positive growth in Q1 2021: health and education (0.31%) and housing and household goods (1.27%).
"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."
Related Data
Latest Data Stories
Trending Topics
Popular Data