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A still positive first quarter 2020 for Hungarian technical consumer goods market 

GfK Temax results of Hungary, Q1 2020

Budapest, May 15 2019  - Compared to the first quarter of 2019, the technical consumer goods (TCG) market in Hungary grew in Q1 2020 by 6,9 percent with turnover of HUF 176 million. Mostly driven by the upswing of the Information Technology and Small Domestic Appliances but also Telecom sector provided growth. Consumer Electronics, and Photo sectors turn to negative trend.  

Table summary

Hungary Q1 2020
Q2 2019 M. HUF Q3 2019 M. HUF Q4 2019 M. HUF Q1 2020 M. HUF Q1 2020 / Q1 2019 / +/- % Q1 2020 M. HUF Q1 2020 / Q1 2019 +/- %
Consumer Electronics (CE) 20,830 21,186 37,436 20,830 -4.2% 20,830 -4.2%
Photography (PH) 2,106 1,891 2,606 1,638 -9.8% 1,638 -9.8%
Major Domestic Appliances (MDA) 36,322 35,922 47,821 32,530 0.3% 32,530 0.3%
Small Domestic Appliances (SDA) 11,239 11,652 24,477 11,925 11.1% 11,925 11.1%
Information Technology (IT) 31,179 35,947 52,197 40,833 27.1% 40,833 27.1%
Telecommunications (TC) 71,343 73,482 96,352 68,227 3.8% 68,227 3.8%
GfK TEMAX ® Hungary 173,018 180,081 260,889 175,984 6.9% 175,984 6.9%
 
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