Household Final Consumption Expenditure (HFCE) slows down
The household expenditure grew by
6.1 percent in the fourth quarter of 2017. This was slower than the 6.2 percent growth in the same period of 2016.
Food and Non-alcoholic Beverages, sharing
42.9 percent of the total household expenditure, maintained its growth of 5.6 percent from the previous year. Miscellaneous Goods and Services, the next top contributor of HFCE, grew by 7.8 percent. This was slower than the 8.0 percent in 2016.
Aside from the abovementioned expenditure items, the other top contributors to the growth of HFCE were: Housing, water, electricity, gas and other fuels,
9.5 percent; Furnishings, household equipment and routine household maintenance, 10.5 percent; and Restaurants and hotels, 9.5 percent.
On the other hand, the following declined: Alcoholic beverages and Tobacco, negative
7.6 percent; and Clothing and Footwear, negative 0.2 percent.