Household consumption estimated to increase in third quarter
In this article (5)
Bank Indonesia estimated that household consumption rose in the third quarter of this year from 5.04 percent of the countrys Gross Domestic Products (GDP) in the second quarter of this year.
One of the factors causing the increase was high consumption during Idul Fitri 2016, Executive Director of Statistic Department of the central bank Hendy Sulistiowati said here on Thursday.
Increase in household consumption was also attributable to higher Consumer Confidence Index (IKK) that rose to 112.5 points from 111.6 points in the second quarter, Hendi said.
“The quarterly increase in IKK, normally would result in an increase in household consumption,” she said.
Household consumption has been the largest contributor to the countrys GDP accounting for 55.9 percent, followed by Gross Fixed Capital Formation (PMTB).
Though rising quarterly, IKK fell monthly . In September IKK was 110 points down from 113.3 points in August.
Questions & Answers
Q.What percentage of the country's GDP did household consumption contribute in the second quarter of this year?
What percentage of the country's GDP did household consumption contribute in the second quarter of this year?
Household consumption accounted for 5.04 percent of the country's Gross Domestic Product in the second quarter. Bank Indonesia estimated this figure rose in the third quarter.
Q.What were the main factors cited for the estimated increase in household consumption in the third quarter?
What were the main factors cited for the estimated increase in household consumption in the third quarter?
High consumption during Idul Fitri 2016 contributed to the increase. A rise in the Consumer Confidence Index from 111.6 points to 112.5 points was also a factor.
Q.Did the Consumer Confidence Index show consistent growth throughout the third quarter?
Did the Consumer Confidence Index show consistent growth throughout the third quarter?
No, while the Consumer Confidence Index rose quarterly, it actually fell monthly. In September, the index was 110 points, a decrease from 113.3 points in August.
Q.How significant is household consumption as a component of the country's GDP?
How significant is household consumption as a component of the country's GDP?
Household consumption is the largest contributor to the country's GDP. It accounts for 55.9 percent of the total, followed by Gross Fixed Capital Formation.