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October 18, 2021
BUSINESS

GfK: Telecommunication sector, the most important increase of value in Q1

The first quarter of the year brought about an increase for the Technical Consumer Goods market, when compared to the same quarter of 2012. The overall market increased by 4%, reaching a value of EUR 349 million, according to a GfK report released yesterday. The largest sector remains the Information Technology (IT) sector, which maintained a relatively stable value of EUR 105 million after a growth of 0.9% compared to Q1 2012. The most important increase of value was generated by the Telecommunication sector (18.2%). Negative growth rates were recorded by the Consumer Electronics sector (-2.3%) and Major Domestic Appliances (-2.1%) sector which has been on a descending path since last year. The Photo sector reached a total value of EUR 9 million in Q1 2013, an increase of 11% when compared to Q1 2012. Value wise, the Small Domestic Appliances sector recorded a 0.9% growth rate in Q1 2013 compared with the same quarter of last year.

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