2nd Qtr 2015 Household Final Consumption Expenditure

2nd Quarter 2015
Gross National Income & Gross Domestic Product
by Expenditure Shares

Household Final Consumption Expenditure

Household Final Consumption Expenditure (HFCE) accelerates

Total household spending accelerated to 6.2 percent in Q2 2015 from last year’s 5.7.percent. The lower consumer prices of household goods and services encouraged higher household spending or consumption for the second quarter of 2015.

Food and non-alcoholic beverages, accounting for 40.9 percent of total HFCE, posted a growth of 5.6 percent from previous year’s 4.4 percent.
Aside from expenditures in Food and non-alcoholic beverages, other top contributors to the positive growth of HFCE were: Miscellaneous goods and services, 10.5.percent from 6.3 percent; Transport, 9.5 percent from 12.3 percent; and Housing, water, electricity, gas and other fuels, 4.8 percent from 5.5 percent.

However, the least contributors to total HFCE growth were household expenditures in Alcoholic beverages and tobacco and Furnishings, household equipment and routine household maintenance, which both slowed down from 14.8 percent and 5.0 percent to 0.1 percent and 0.4 percent, respectively.

HOUSEHOLD FINAL CONSUMPTION EXPENDITURE
2nd Quarter 2014 and 2nd Quarter 2015
AT CURRENT PRICES, IN MILLION PESOS

ITEM	Q2 2014	Q2 2015	Growth Rate (%)
HOUSEHOLD FINAL CONSUMPTION EXPENDITURE	2,246,112	2,402,440	7.0

1. Food and Non-alcoholic beverages	938,531	1,006,085	7.2
2. Alcoholic beverages, Tobacco	31,726	32,968	3.9
3. Clothing and Footwear	32,985	36,358	10.2
4. Housing, water, electricity, gas and other fuels	293,200	304,068	3.7
5. Furnishings, household equipment and routine household maintenance	88,126	90,404	2.6
6. Health	59,901	66,717	11.4
7. Transport	252,356	278,538	10.4
8. Communication	70,127	73,788	5.2
9. Recreation and culture	37,371	41,201	10.2
10. Education	84,923	90,911	7.1
11. Restaurants and hotels	77,990	82,714	6.1
12. Miscellaneous goods and services	278,876	298,687	7.1

HOUSEHOLD FINAL CONSUMPTION EXPENDITURE
2nd Quarter 2014 and 2nd Quarter 2015
AT CONSTANT 2000 PRICES, IN MILLION PESOS

ITEM	Q2 2014	Q2 2015	Growth Rate (%)
HOUSEHOLD FINAL CONSUMPTION EXPENDITURE	1,213,137	1,288,074	6.2

1. Food and Non-alcoholic beverages	498,576	526,564	5.6
2. Alcoholic beverages, Tobacco	17,547	17,569	0.1
3. Clothing and Footwear	19,564	21,015	7.4
4. Housing, water, electricity, gas and other fuels	142,321	149,222	4.8
5. Furnishings, household equipment and routine household maintenance	66,539	66,832	0.4
6. Health	29,573	32,210	8.9
7. Transport	111,643	122,248	9.5
8. Communication	65,371	68,883	5.4
9. Recreation and culture	25,983	28,331	9.0
10. Education	35,090	35,903	2.3
11. Restaurants and hotels	48,569	51,001	5.0
12. Miscellaneous goods and services	152,361	168,295	10.5

HOUSEHOLD FINAL CONSUMPTION EXPENDITURE
Annual 2013 and 2014
AT CURRENT AND CONSTANT 2000 PRICES, IN MILLION PESOS

ITEMS	At Current Prices			At Constant Prices
ITEMS	2013	2014	Growth Rate (%)	2013	2014	Growth Rate (%)
HOUSEHOLD FINAL CONSUMPTION EXPENDITURE	8,463,826	9,156,446	8.2	4,692,438	4,947,000	5.4

1. Food and Non-alcoholic beverages	3,602,777	3,870,513	7.4	1,963,521	2,054,488	4.6
2. Alcoholic beverages, Tobacco	110,059	126,588	15.0	63,540	70,094	10.3
3. Clothing and Footwear	116,635	127,205	9.1	75,625	79,742	5.4
4. Housing, water, electricity, gas and other fuels	1,062,100	1,139,379	7.3	519,375	542,339	4.4
5. Furnishings, household equipment and routine household maintenance	326,101	350,161	7.4	249,442	261,555	4.9
6. Health	222,833	255,163	14.5	109,462	123,165	12.5
7. Transport	894,369	1,002,999	12.1	385,344	426,471	10.7
8. Communication	264,863	276,202	4.3	251,544	259,582	3.2
9. Recreation and culture	154,391	165,846	7.4	108,269	113,863	5.2
10. Education	331,844	364,078	9.7	144,937	152,403	5.2
11. Restaurants and hotels	318,553	345,168	8.4	195,181	208,068	6.6
12. Miscellaneous goods and services	1,059,301	1,133,144	7.0	626,197	655,230	4.6

Source: Philippine Statistics Authority

Posted: 27 August 2015