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A positive first quarter 2017 for Finnish technical consumer goods market 

GfK TEMAX results for Finland, Q1 2017

Helsinki. May 15, 2017 – The technical consumer goods (TCG) market in Finland grew by over 9% percent in Q1 2017, compared to the same period in 2016. In Finland the TCG market generated a revenue of €690 million during Q1 2017.

All but one sector improved, with photography (PH), consumer electronics (CE) and telecommunications (TC) leading with double digit increases. Major domestic appliances (MDA), Information technology (IT) and Small Domestic Appliances (SDA) followed suite with a more moderate increase. Office Equipment and Consumables (OE) was the only declining sector.

The pdf press release has been replaced by the Category Insights chart below.

Table summary

Finland Q1 2017
Q2 2016 M. EUR Q3 2016 M. EUR Q4 2016 M. EUR Q1 2017 M. EUR Q1 2017 / Q1 2016 / +/- % Q1 2017 M. EUR Q1 2017 / Q1 2016 +/- %
Consumer Electronics (CE) 68 80 124 88 21.9% 88 21.9%
Photography (PH) 9 8 11 10 32.0% 10 32.0%
Major Domestic Appliances (MDA) 105 120 116 98 -2.0% 98 -2.0%
Small Domestic Appliances (SDA) 42 46 66 37 -10.8% 37 -10.8%
Information Technology (IT) 197 237 242 196 -0.7% 196 -0.7%
Telecommunications (TC) 204 249 298 222 16.3% 222 16.3%
Office Equipment & Consumables (OE) 37 34 36 39 1.8% 39 1.8%
GfK TEMAX ® Finland 663 774 894 690 6.5% 690 6.5%

Economic data 2016

Finland
  • 1.4
    GDP growth in %
  • 43,169
    GDP per capita in USD
  • 9.0
    Unemployment rate in %
  • 0.4
    Inflation rate, avg. consumer prices in %
  • 2,634,339
    Number of households
  • 41,568
    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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