BIS central bankers’ speeches  1  Household sector: resilient private consumption In the household sector, private consumption has remained resilient as a trend with the employment and income situation improving steadily. With regard to durable goods such as automobiles and household electrical appliances, the recovery from the decline has dragged on reflecting the large degree of front-loading of purchases.
On the other hand, sales at department stores and supermarkets have followed a recovery trend on average. Moreover, consumption of services has been resilient, as seen for example in food service and outlays for travel, where the effects of the consumption tax hike have been limited.