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Five of the seven sectors sales declined in the Hong Kong Technical Consumer Goods market in Q1 2017

GfK TEMAX® results for Hong Kong, Q1 2017

Hong Kong, May 19, 2017 – The Hong Kong technical consumer goods (TCG) market turnover fell by 15.0 percent in the first quarter of 2017 compared to the same quarter last year.
Information Technology (IT), Office Equipment (OE), Telecommunication (TC), and Small Domestic Appliances (SDA) reported double-digit level fall compared with Q1 2016. Con-sumer Electronic (CE) registered single-digit fall. Photography (PH) and Major Domestic Appliances (MDA) managed to attain positive growth in which MDA reported double-digit increase.

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Table summary

Hong Kong Q1 2017
Q2 2016 M. HKD Q3 2016 M. HKD Q4 2016 M. HKD Q1 2017 M. HKD Q1 2017 / Q1 2016 / +/- % Q1 2017 M. HKD Q1 2017 / Q1 2016 +/- %
Consumer Electronics (CE) 841 874 914 850 -6.5% 850 -6.5%
Photography (PH) 998 912 971 943 1.8% 943 1.8%
Major Domestic Appliances (MDA) 546 551 530 514 4.3% 514 4.3%
Small Domestic Appliances (SDA) 579 478 569 752 -13.9% 752 -13.9%
Information Technology (IT) 1,868 2,064 1,733 1,602 -19.3% 1,602 -19.3%
Telecommunications (TC) 4,150 3,728 4,925 3,437 -17.1% 3,437 -17.1%
Office Equipment & Consumables (OE) 125 103 105 97 -25.0% 97 -25.0%
GfK TEMAX ® Hong Kong 9,107 8,710 9,746 8,194 -13.4% 8,194 -13.4%

Economic data 2016

Hong Kong
  • 1.9
    GDP growth in %
  • 43,528
    GDP per capita in USD
  • 3.4
    Unemployment rate in %
  • 2.4
    Inflation rate, avg. consumer prices in %
  • 2,498,900
    Number of households
  • N/A
    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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