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Four of the seven sectors sales increased in the Hong Kong Technical Consumer Goods market in Q1 2018

GfK TEMAX® results for Hong Kong, Q1 2018

Hong Kong, May 9, 2018 – The Hong Kong technical consumer goods (TCG) market turn-over fell by 13.8 percent in the first quarter of 2018 compared to the same quarter last year.

Consumer Electronics (CE), Major Domestic Appliances (MDA), and Office Equipment (OE) managed to attain positive growth with single-digit increase. Information Technolo-gy (IT) registered double-digit increase. On the other hand, Telecommunication (TC) re-ported double-digit level fall. Photography (PH) registered single-digit fall compared with Q1 2017. 

The pdf press release has been replaced by the Category Insights chart below

Table summary

Hong Kong Q1 2018
Q2 2017 M. HKD Q3 2017 M. HKD Q4 2017 M. HKD Q1 2018 M. HKD Q1 2018 / Q1 2017 / +/- % Q1 2018 M. HKD Q1 2018 / Q1 2017 +/- %
Consumer Electronics (CE) 863 945 951 985 15.8% 985 15.8%
Photography (PH) 850 887 832 857 -9.2% 857 -9.2%
Major Domestic Appliances (MDA) 542 572 513 515 0.2% 515 0.2%
Small Domestic Appliances (SDA) 628 535 573 752 -0.0% 752 -0.0%
Information Technology (IT) 1,747 2,182 1,823 1,795 13.4% 1,795 13.4%
Telecommunications (TC) 4,443 4,098 7,032 6,042 36.9% 6,042 36.9%
Office Equipment & Consumables (OE) 109 119 112 106 9.6% 106 9.6%
GfK TEMAX ® Hong Kong 9,183 9,338 11,836 11,051 20.7% 11,051 20.7%

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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