Local domestic consumption reduces
The Department of Census and Statistics states that domestic consumption in the country has decreased significantly during the first nine months of last year.
During the same period in 2019, domestic consumption increased by 4.1%, while last year it declined by 5%.
The main reason for this is the restrictions imposed by the global pandemic of the coronavirus.
Analysts point out that restrictions on shopping, restaurant dining, tourism and other entertainment have thus reduced domestic consumption.
However, as people get used to the new generalization, household consumption is expected to grow again in the first quarter of this year
Local News
CBSL Announces Relief Measures for SMEs
22 December 2024
Police Inspect Buses After Sharp Rise In Bus Accidents
22 December 2024
Retirement Age of Doctors Extended to 63 Years
22 December 2024
Trending News
SIMs to be deactivated on unregistered new mobile devices from tomorrow
30 September 2020
Sex education is the way to prevent child abuse – Ali Sabry
28 September 2020
Two suspended trains to resume operations
28 September 2020
Curfew in Western Province to be lifted on Monday - Army Commander
05 November 2020
