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Singapore’s Technical Consumer Goods sector improved in Q3 2018

GfK TEMAX® results for the Singapore, Q3 2018

The overall technical consumer goods market in Singapore grew marginally, by 2.8% in the third quarter of 2018 compared to the same quarter last year. Four of the seven sectors— Telecommunications, Consumer Electronics, Office Equipment and Consumables and Small Domestic Appliances registered growth in the latest quarter. Among the declining sectors, Information Technology and Major Domestic Appliances reported double digit decline in performance.

Seraphina Wee
Singapore

Table summary

Singapore Q3 2018
Q4 2017 M. SGD Q1 2018 M. SGD Q2 2018 M. SGD Q3 2018 M. SGD Q3 2018 / Q3 2017 / +/- % Q1-Q3 2018 M. SGD Q1-Q3 2018 / Q1-Q3 2017 +/- %
Consumer Electronics (CE) 146 128 130 111 5.0% 368 17.0%
Photography (PH) 66 63 62 55 -4.9% 180 6.6%
Major Domestic Appliances (MDA) 93 81 79 74 -12.9% 234 0.1%
Small Domestic Appliances (SDA) 55 52 54 51 1.2% 157 5.8%
Information Technology (IT) 213 214 195 176 -13.5% 585 -6.6%
Telecommunications (TC) 604 534 498 440 15.7% 1,472 23.4%
Office Equipment & Consumables (OE) 8 8 8 8 2.0% 23 5.4%
GfK TEMAX ® Singapore 1,185 1,079 1,026 914 2.8% 3,019 11.6%

Economic data 2017

Singapore
  • 3.6
    GDP growth in %
  • 57,710
    GDP per capita in USD
  • 2.0
    Unemployment rate in %
  • 0.6
    Inflation rate, avg. consumer prices in %
  • 1,272,049
    Number of households
  • N/A
    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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