Money
Stats Dept: Govt’s final consumption expenditure expands 9pc in Q2
View of KL with almost no haze on June 27,2013. u00e2u20acu201c Picture by Choo Choy May

KUALA LUMPUR, Aug 13 ― The government’s final consumption expenditure further expanded to 9 per cent in the second quarter of 2021 (Q2 2021), supported by higher spending on supplies and services attributed to health-related expenditures.

In the first quarter, the government's final consumption expenditure grew 5.9 per cent, according to the Department of Statistics Malaysia (DOSM).

Chief statistician Datuk Seri Mohd Uzir Mahidin said the private final consumption expenditure, which contributed 55 per cent of gross domestic product (GDP) in Q2 2021, increased 11.6 per cent (Q1 2021: -1.5 per cent) due to the higher consumption in transport, food and non-alcoholic beverages and communication.

"The exceptionally higher consumption in transport was attributed to the higher purchase of motor vehicles in the first two months of the quarter by households compared to the same period of last year.

"Furthermore, furnishing, household equipment and routine household maintenance as well as restaurants and hotels, which were non-essential expenditure, also registered positive growth during the quarter,” he noted.

On a quarter-on-quarter basis, the overall performance of private final consumption expenditure fell 11.5 per cent. ― Bernama

Related Articles

 

You May Also Like