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The third quarter 2017 of the Finnish technical consumer goods market turned negative

GfK TEMAX results for Finland, Q3 2017

Helsinki. November 13, 2017 – The technical consumer goods (TCG) market in Finland continues to grow, even though the thrid quarter turned negative. Q3 2017 declined with just over 1% compared to last year. The revenue generated during Q3 2017 for the TCG market in Finland, exceeded just above €760 million.

Improving sectors were photography (PH), consumer electronics (CE), office equipment as well as information techonolgy.

The decline was headed by telecommunications  (TC) and major domestic appliances (MDA), followed by small domestic appliances (SDA).

The pdf press release has been replaced by the Category Insights chart below.

Table summary

Finland Q3 2017
Q4 2016 M. EUR Q1 2017 M. EUR Q2 2017 M. EUR Q3 2017 M. EUR Q3 2017 / Q3 2016 / +/- % Q1-Q3 2017 M. EUR Q1-Q3 2017 / Q1-Q3 2016 +/- %
Consumer Electronics (CE) 122 87 81 85 7.8% 254 16.9%
Photography (PH) 11 10 11 10 22.8% 31 26.5%
Major Domestic Appliances (MDA) 116 98 101 115 -4.6% 314 -3.6%
Small Domestic Appliances (SDA) 67 37 39 43 -5.3% 119 -8.1%
Information Technology (IT) 243 194 185 237 0.1% 617 -2.5%
Telecommunications (TC) 298 223 224 236 -3.8% 683 7.9%
Office Equipment & Consumables (OE) 36 39 38 35 0.9% 112 2.5%
GfK TEMAX ® Finland 894 689 680 761 -1.2% 2,129 2.8%

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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