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Two of the seven sectors sales increased in the Hong Kong Technical Consumer Goods market in Q3 2018

GfK TEMAX® results for Hong Kong, Q3 2018

Hong Kong, Nov 8, 2018 – The Hong Kong technical consumer goods (TCG) market turn-over grew by 2.4 percent in the third quarter of 2018 compared to the same quarter last year.

Small Domestic Appliances (SDA) and Telecommunication (TC) managed to attain posi-tive growth. On the other hand, Consumer Electronics (CE), Photography (PH), Major Domestic Appliances (MDA), Information Technology (IT) and Office Equipment (OE) declined compared with Q3 2017.

Table summary

Hong Kong Q3 2018
Q4 2017 M. HKD Q1 2018 M. HKD Q2 2018 M. HKD Q3 2018 M. HKD Q3 2018 / Q3 2017 / +/- % Q1-Q3 2018 M. HKD Q1-Q3 2018 / Q1-Q3 2017 +/- %
Consumer Electronics (CE) 951 985 881 829 -12.3% 2,695 1.4%
Photography (PH) 832 857 821 647 -27.0% 2,324 -13.3%
Major Domestic Appliances (MDA) 513 515 542 570 -0.3% 1,627 -0.0%
Small Domestic Appliances (SDA) 573 752 612 546 1.9% 1,909 -0.3%
Information Technology (IT) 1,824 1,796 1,816 2,087 -4.5% 5,699 3.2%
Telecommunications (TC) 7,033 6,090 4,775 4,780 16.6% 15,645 20.8%
Office Equipment & Consumables (OE) 112 106 102 108 -8.6% 316 -2.6%
GfK TEMAX ® Hong Kong 11,838 11,099 9,548 9,568 2.4% 30,215 9.1%

Economic data 2017

Hong Kong
  • 3.8
    GDP growth in %
  • 46,110
    GDP per capita in USD
  • 3.2
    Unemployment rate in %
  • 1.5
    Inflation rate, avg. consumer prices in %
  • 2,368,362
    Number of households
  • 59,238
    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; Updated: 5 May 2018
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