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Slowdown in Q2 217

Results for GfK TEMAX® Belgium for the second quarter of 2017

Leuven, August 14, 2017 – The technical consumer goods (TCG) market in Belgium 2017 started off on a positive note, but slows down into its second quarter. With a decline of 3,3% compared to the same period last year, the jump start TCG knew in the beginning of 2017 is almost totally annihilated.

This decline is noteable in almost every category, with CE struggling strongly (-17,9%). Small Domestic Appliances (-2,3%), Information Technology (-5,1%) and Photo (-5,6%) are slowing down the market. luckily, Telecom is still able to find some growth, although it also seems to be stagnating (+3,4%).

The pdf press release has been replaced by the Category Insights chart below.

Table summary

Belgium Q2 2017
Q3 2016 M. EUR Q4 2016 M. EUR Q1 2017 M. EUR Q2 2017 M. EUR Q2 2017 / Q2 2016 / +/- % Q1-Q2 2017 M. EUR Q1-Q2 2017 / Q1-Q2 2016 +/- %
Consumer Electronics (CE) 181 221 206 161 -17.9% 367 -9.8%
Photography (PH) 33 34 34 34 -5.6% 68 -1.4%
Major Domestic Appliances (MDA) 341 311 345 304 0.0% 649 1.9%
Small Domestic Appliances (SDA) 127 177 156 129 -2.3% 285 2.9%
Information Technology (IT) 365 423 388 332 -5.1% 720 -0.3%
Telecommunications (TC) 324 379 292 301 3.4% 593 4.0%
Office Equipment & Consumables (OE) 96 127 119 112 -1.8% 231 0.0%
GfK TEMAX ® Belgium 1,466 1,674 1,539 1,372 -3.6% 2,911 -0.1%

Economic data 2016

Belgium
  • 1.2
    GDP growth in %
  • 41,283
    GDP per capita in USD
  • 8.3
    Unemployment rate in %
  • 1.9
    Inflation rate, avg. consumer prices in %
  • 4,848,184
    Number of households
  • 44,119
    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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