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Decrease in the Western European TCG market continues in Q2 2017

GfK TEMAX® results for Western Europe, Q2 2017

Nuremberg, August 16, 2017 – In the second quarter of 2017, the Western European technical consumer goods shrank by 2.1%. Telecommunications market grew by 4% but could not counterbalance the fall of the other markets, especially that of Consumer Electronics (-12.7%). The TCG market in Western Europe amounted to €47 billion in Q2 2017.

Please note that the WE15 report is calculated on EUR basis incl. DK, SE and UK.

The pdf press release has been replaced by the Category Insights chart below.

Table summary

Western Europe 15 - Q2 2017
Q3 2016 M. USD Q4 2016 M. USD Q1 2017 M. USD Q2 2017 M. USD Q2 2017 / Q2 2016 / +/- % Q1-Q2 2017 M. USD Q1-Q2 2017 / Q1-Q2 2016 +/- %
Consumer Electronics (CE) 6,525 10,020 7,047 6,099 -16.5% 13,145 -12.7%
Photography (PH) 1,305 1,553 1,190 1,293 -7.2% 2,482 -5.0%
Major Domestic Appliances (MDA) 9,359 9,656 8,779 8,743 -4.5% 17,522 -3.7%
Small Domestic Appliances (SDA) 4,411 6,445 4,602 4,156 -4.8% 8,758 -3.5%
Information Technology (IT) 14,018 18,058 14,230 12,854 -7.4% 27,084 -5.8%
Telecommunications (TC) 14,732 18,502 13,149 13,670 -0.6% 26,819 -1.6%
Office Equipment & Consumables (OE) 4,695 5,293 4,705 4,469 -9.8% 9,174 -7.1%
GfK TEMAX® Western Europe 55,044 69,527 53,700 51,283 -6.4% 104,984 -5.3%

Economic data 2016

Western Europe 15
  • 1.5
    GDP growth in %
  • 42,917
    GDP per capita in USD
  • 9.1
    Unemployment rate in %
  • 0.6
    Inflation rate, avg. consumer prices in %
  • 178,870,880
    Number of households
  • 46,849
    Purchasing power per household in EUR
Data for GDP, unemployment and inflation rate by World Bank, IMF, ILO, National statistics portals; Data for number of households and purchasing power by GfK GeoMarketing
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