Household spending dropped again in April, official figures showed Tuesday, as consumers kept a tight hold on their purse strings despite years of government efforts to boost spending.
Household spending dropped again in April, official figures showed Tuesday, as consumers kept a tight hold on their purse strings despite years of government efforts to boost spending.
The fresh data attest to what analysts believe is a broader picture of the economy — it is picking up steam overall, but tepid consumption continues to act as a drag. Spending by households of two or more people shrank 1.4 percent year on year, extending its declining streak of more than a year, according to data from the internal affairs ministry.
