Percentage of Income for Spending Decreases

Kompas/Riza Fathoni

Visitors at a shopping center in Jakarta on Saturday, June 10. A number of stores are offering discounts to attract the interest of shoppers.

JAKARTA, KOMPAS – Household consumption, as the main driver of national economic growth with a contribution of 56.94 percent, has remained stagnant, mainly as a result of the decline in the income of the people, especially the lower middle class.

Jasua Pardede, an economist at PT Bank Permata Tbk, told Kompas in Jakarta on Friday that the stagnation of the household consumption indicated a decline in the consumer confidence index in June 2017.