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Four of the seven sectors sales decreased in the Hong Kong Technical Consumer Goods market in Q1 2019

GfK TEMAX® results for Hong Kong, Q1 2019

Hong Kong, May 14, 2019 – The Hong Kong technical consumer goods (TCG) market turnover fell by 14.8 percent in the first quarter of 2019 compared to the same quarter last year.

Major Domestic Appliances (MDA), Small Domestic Appliances (SDA), and Information Technology (IT) managed to attain positive growth with single-digit increase. On the oth-er hand, Consumer Electronics (CE), Photography (PH), Office Equipment (OE) and Tele-communication (TC) reported double-digit level fall compared with Q1 2018. 

Table summary

Hong Kong Q1 2019
Q2 2018 M. HKD Q3 2018 M. HKD Q4 2018 M. HKD Q1 2019 M. HKD Q1 2019 / Q1 2018 / +/- % Q1 2019 M. HKD Q1 2019 / Q1 2018 +/- %
Consumer Electronics (CE) 881 829 843 828 -15.9% 828 -15.9%
Photography (PH) 821 647 702 688 -19.6% 688 -19.6%
Major Domestic Appliances (MDA) 542 570 525 528 2.5% 528 2.5%
Small Domestic Appliances (SDA) 612 546 658 772 2.8% 772 2.8%
Information Technology (IT) 1,816 2,087 1,865 1,802 0.3% 1,802 0.3%
Telecommunications (TC) 4,775 4,781 6,200 4,748 -22.0% 4,748 -22.0%
Office Equipment & Consumables (OE) 102 108 106 91 -14.3% 91 -14.3%
GfK TEMAX ® Hong Kong 9,548 9,568 10,898 9,457 -14.8% 9,457 -14.8%

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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