Household Final Consumption Expenditure (HFCE) slows down
The household final consumption expenditure grew by 5.6 percent in the second quarter of 2019. This was slower than the 6.0 percent growth in the same period of 2018.
Food and Non-alcoholic Beverages, sharing 41.3 percent of the total household expenditure, grew at a slower pace of 5.5 percent compared with the 6.4 percent growth recorded a year ago. Meanwhile, Miscellaneous Goods and Services posted a growth of 6.9 percent growth in the second quarter of 2019.
Other expenditure items which contributed to the growth of HFCE were: Housing, Water, Electricity, Gas and Other Fuels, 5.8 percent; Transport, 2.9 percent; Communication, 5.1 percent; Restaurants and Hotels, 5.4 percent; Education, 14.5 percent; and Furnishings, Household Equipment and Routine Household Maintenance, 4.7 percent.
On the other hand, Alcoholic Beverages and Tobacco declined further by 1.3 percent.