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Colombian economy shows signs of recovery in the Technological consumption goods.

GfK TEMAX Outcomes for Colombia, Q3 2017.

Bogota, December 13th 2017 –The Colombian market of Technological Consumption Goods (TCG) in the third quarter of 2017 presented a considerable growth of 5.2% in comparison to the same period of previous year. This outcome also reflects an improvement relative to the preceding quarter. It is worth mentioning the great expansion in MDA and Photo sector along the Q3, nevertheless, Telecommunications still is the sector with the most important contribu-tion to Colombian growth.

Third quarter was affected by significant promotional events in Mass Merchandisers, reason why consumption boost. Hence, comparing Q3 results with previous quarters rises a positive trend towards economic improvement. Furthermore, Colombian government has been stimulating consumption through macroeconomic policies. Consequently, consumption confidence index and private credit improved considerably as well other economical indexes.

The pdf press release has been replaced by the Category Insights chart below.

GfK, Colombia
Carrera 13, No. 93 - 68, Oficina 201, Bogota, Colombia
+57 1 640 1250

Table summary

Colombia Q3 2017
Q4 2016 M. COP Q1 2017 M. COP Q2 2017 M. COP Q3 2017 M. COP Q3 2017 / Q3 2016 / +/- % Q1-Q3 2017 M. COP Q1-Q3 2017 / Q1-Q3 2016 +/- %
Consumer Electronics (CE) 796 495 584 628 4.3% 1,707 -0.9%
Photography (PH) 10 7 8 10 11.1% 25 -19.4%
Major Domestic Appliances (MDA) 552 505 534 563 10.2% 1,602 5.5%
Small Domestic Appliances (SDA) 68 56 60 60 5.3% 176 4.1%
Information Technology (IT) 412 350 292 335 -9.9% 977 -8.5%
Telecommunications (TC) 879 1 1 1 -99.9% 3 -99.8%
Office Equipment & Consumables (OE) 31 43 33 41 5.1% 117 -2.5%
GfK TEMAX ® Colombia 2 2 2 2 0.0% 6 0.0%

Economic data 2017

Colombia
  • 1.3
    GDP growth in %
  • 5,805
    GDP per capita in USD
  • 8.7
    Unemployment rate in %
  • 4.0
    Inflation rate, avg. consumer prices in %
  • 12,339,813
    Number of households
  • N/A
    Purchasing power per household in EUR
Data by World Bank, DANE and Banco de la República de Colombia
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