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A still positive forth quarter 2018 for Hungarian technical consumer goods market 

GfK Temax results of Hungary, Q1 2018

Budapest, May 15 2018  - Compared to the first quarter of 2017, the technical consumer goods (TCG) market in Hungary grew in Q1 2018 by 18.9 percent with turnover of HUF152.4million. The largest growth was noted in the telecom sector, which rose by 28.3 percent. All sectors registered growth with the exception of photography (PHO) sector which suffered from a 0.3 percent decline.

Table summary

Hungary Q1 2018
Q2 2017 M. HUF Q3 2017 M. HUF Q4 2017 M. HUF Q1 2018 M. HUF Q1 2018 / Q1 2017 / +/- % Q1 2018 M. HUF Q1 2018 / Q1 2017 +/- %
Consumer Electronics (CE) 18,210 19,029 37,463 22,036 15.8% 22,036 15.8%
Photography (PH) 2,379 2,052 2,702 1,840 -0.3% 1,840 -0.3%
Major Domestic Appliances (MDA) 25,379 29,053 39,423 28,758 26.6% 28,758 26.6%
Small Domestic Appliances (SDA) 8,486 8,919 18,653 9,696 14.7% 9,696 14.7%
Information Technology (IT) 33,839 36,417 46,650 30,117 2.4% 30,117 2.4%
Telecommunications (TC) 54,087 59,212 79,620 59,918 28.3% 59,918 28.3%
GfK TEMAX ® Hungary 142,379 154,682 224,510 152,365 18.9% 152,365 18.9%

Economic data 2017

Hungary
  • 4.0
    GDP growth in %
  • 15,530
    GDP per capita in USD
  • 4.3
    Unemployment rate in %
  • 2.4
    Inflation rate, avg. consumer prices in %
  • 4,046,147
    Number of households
  • 15,024
    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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