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A still positive second quarter 2017 for Hungarian technical consumer goods market

GfK Temax results of Hungary, Q2 2017

Budapest, Aug 15 2017  - The technical consumer goods (TCG) market in Hungary grew by 2,7 percent in Q2 2017, compared to the same period in 2016. Almost all sectors improved, with Information technology (IT) leading with double digit increases, but also  Major domestic appliances (MDA) and Telecommunications (TC) overperformed themselves on year on year basis. Small domestic appliances (SDA) and Photography (PH)  followed them with a more moderate increase. Office equipment and Consumer electronics (CE) were the only declining sectors.

The press release has been replaced by the Category Insight Chart below.

Table summary

Hungary Q2 2017
Q3 2016 M. HUF Q4 2016 M. HUF Q1 2017 M. HUF Q2 2017 M. HUF Q2 2017 / Q2 2016 / +/- % Q1-Q2 2017 M. HUF Q1-Q2 2017 / Q1-Q2 2016 +/- %
Consumer Electronics (CE) 19,057 35,558 19,183 18,347 -15.3% 37,530 -6.4%
Photography (PH) 1,884 2,593 1,845 2,379 1.4% 4,224 0.6%
Major Domestic Appliances (MDA) 27,929 36,206 22,719 25,379 9.2% 48,097 9.4%
Small Domestic Appliances (SDA) 8,613 17,217 8,453 8,486 5.1% 16,939 5.1%
Information Technology (IT) 27,384 43,905 29,398 33,839 17.1% 63,237 8.0%
Telecommunications (TC) 51,080 69,877 46,739 54,120 7.9% 100,860 9.6%
GfK TEMAX ® Hungary 141,394 211,910 130,141 144,155 2.7% 274,296 2.7%

Economic data 2016

Hungary
  • 2.0
    GDP growth in %
  • 12,778
    GDP per capita in USD
  • 5.2
    Unemployment rate in %
  • 0.4
    Inflation rate, avg. consumer prices in %
  • 4,060,936
    Number of households
  • 13,434
    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
General