(Business in Cameroon) - The second quarter of 2018 is marked by a faster increase in final consumption compared to the first quarter. The National Statistics Institute (INS) revealed that the figure improved to 5.4% in Q2 against 3.9% in Q1.

“GDP growth in the second quarter of 2018 was mainly driven by final consumption. This was spurred by an overall improvement in the private segment (2.2 points) as well as in the public component (2.1 points) of consumption, related to the sharp increase in expenditure on goods and services,” INS said.

The upward trend in private consumption is supported by the increase in household demand for products including food, livestock and fishery products in the primary sector, beverages, furniture, footwear and refined petroleum products in the secondary sector, hotel and catering services, transport services and mobile telephone services in the tertiary sector.

According to the Institute, a decline in demand for products such as agricultural processing products, textiles and chemicals contributed to slowing growth in private consumption.

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