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Three of six sectors show strong sales growth in Philippine technical goods market

GfK TEMAX® results for the Philippines, Q1 2017

Manila, May 17, 2017 –The Philippine technical consumer goods (TCG) market grew by 6.0 percent in Q1 2017, compared to the same quarter last year.
This growth was driven by strong consumer sales in the following sectors:
  • Photography (PHO) which grew by 30.0 percent
  • Consumer electronics (CE), which jumped by 21.4 percent
  • Major domestic appliances (MDA), which climbed by 12.7 percent
Telecommunications (TC), the largest sector, grew modestly by 2.2 percent. Office Equipment and Consummables (OE) and Information Technology (IT) grew more slowly at 1.5 percent and 0.2 percent, respectively.

The pdf press release has been replaced by the Category Insights chart below.

Benny Villanueva

Summary

Philippines Q1 2017
Q2 2016 M. PHP Q3 2016 M. PHP Q4 2016 M. PHP Q1 2017 M. PHP Q1 2017 / Q1 2016 / +/- % Q1 2017 M. PHP Q1 2017 / Q1 2016 +/- %
Consumer Electronics (CE) 7,123 7,263 9,356 7,483 21.4% 7,483 21.4%
Photo (PH) 627 545 740 634 30.0% 634 30.0%
Major Domestic Appliances (MDA) 6,376 6,205 7,066 6,032 12.7% 6,032 12.7%
Information Technology (IT) 6,839 7,175 6,534 6,367 0.2% 6,367 0.2%
Telecommunication (TC) 28,256 26,816 29,512 28,286 2.2% 28,286 2.2%
Office Equipment & Consumables (OE) 923 1,037 900 800 1.5% 800 1.5%
GfK TEMAX® Western Europe 50,144 49,039 54,108 49,602 6.0% 49,602 6.0%

Economic data 2016

Philippines
  • 6.8
    GDP growth in %
  • 2,924
    GDP per capita in USD
  • 5.9
    Unemployment rate in %
  • 1.8
    Inflation rate, avg. consumer prices in %
  • 23,459,200
    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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