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Covid-19 measures mid March leads to negative results for this first quarter

Leuven, May 15th, 2020 – Impact of the lockdown measures due to the Covid-19 virus are already visible in this first quarter. Even though stores were closed for the last 2 weeks of these 3 months, value already decreases by -3,3% compared to a positive outcome in Q1 last year (+2,0%). 

Sectors like Consumer Electronics, Major Domestic Appliances and Home Improvement suffer from the lockdown measures while IT & Office and Small Domes-tic Appliances benefit from the measures taken with more people working from home and more people cooking at home

Table summary

Belgium Q1 2020
Q2 2019 M. EUR Q3 2019 M. EUR Q4 2019 M. EUR Q1 2020 M. EUR Q1 2020 / Q1 2019 / +/- % Q1 2020 M. EUR Q1 2020 / Q1 2019 +/- %
Consumer Electronics (CE) 138 149 203 167 -15.1% 167 -15.1%
Photography (PH) 28 28 29 23 -10.0% 23 -10.0%
Major Domestic Appliances (MDA) 298 352 342 344 -3.6% 344 -3.6%
Small Domestic Appliances (SDA) 131 141 193 160 4.0% 160 4.0%
Information Technology (IT) 351 395 437 399 -5.9% 399 -5.9%
Telecommunications (TC) 368 364 506 372 2.6% 372 2.6%
Office Equipment & Consumables (OE) 95 83 103 94 -8.8% 94 -8.8%
GfK TEMAX ® Belgium 1,407 1,512 1,812 1,559 -3.9% 1,559 -3.9%
 
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