Edition: 00114
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KUPANG TIMES - Survey results from Bank Indonesia show that the average proportion of consumer income used for consumption has increased, while the allocation for savings has decreased.
The increase in the proportion for consumption occurred in consumers, with expenditure groups of IDR 4.1 million and above.
"In line with the strengthening of consumer optimism, towards income, in May 2022, the average proportion of consumer income for consumption has increased, while the average proportion of installment payments or debts, looks stable."|Bank Indonesia
The average proportion of income used for consumption or the average propensity to consume ratio, in May 2022, increased, from 73.9% to 74.3%, the highest increase was in the expenditure group of IDR 4.1-5 million, by 1 percentage point, to 71.1% in the expense group above IDR 5 Million, an increase of 0.7 percentage points to 68.8%.
Other groups, which also experienced an increase, were; Income of IDR 3.1-4 Million, by 0.1 percentage points, to 72.3%, in the expenditure group of IDR 1-2 Million, looks unchanged, while expenditure of IDR 2.1-3 Million, decreased by 0. 5 percentage points.
In line with the increase in the proportion of consumption, the allocation of consumer income in savings decreased by 0.4 percentage points, to 16%.
The sharp decline occurred in the group of expenditures above IDR 4.1 million, where the proportion of consumption experienced a fairly high increase.
(W.J.B.)
