15 C
September 20, 2021

GfK: Durables market, up nearly 11 pc in Q1

The market of durable goods amounted to EUR 307 M in the first quarter, up 10.7 pc year-on-year, which also represented the first increase in the last two years, with almost all sectors being on the increase, finds a study conducted by GfK Temax. Sectors such as photo equipment and consumer electronics confirmed the encouraging evolution that started at the end of last year, while IT had an excellent first quarter, with an increase of more than 25 pc.

“From a certain point of view, considering the fact that electronics ended 2010 with positive evolutions due to sales gradually picking up quarter on quarter, one may suppose that the market is overcoming the recession. However, it is worth mentioning that the whole market is driven by flat-screen TVs,” reads a press release.

On the other hand, the office equipment market is not out of trouble yet, with a fresh decline of 20 pc. The poorest results of the whole market were registered by cooking machines, which also marked the sharpest decline across the sector. The list of segments that suffered further decline includes telecommunication devices (cell phones and smart phones), which reached EUR 41 M, 1.5 pc under the result of Q1 2010.

Related posts

Petrom and Exxon start drilling in Black Sea

Nine O' Clock

Chinese PM pledges to boost investments, trade with CEE countries

Central bank: Net inflow of FDI, approximately EUR 3.5 bln