GfK: good performance for home appliances in Europe

1927

EuropeAccording to GfK Temax, during the first quarter of 2016 Western European markets of Technical Consumer Goods (TCG) totalized 50.8 billion euro, maintaining a stability compared to the same period of 2015. Good results were recorded by home appliances: major domestic appliances (MDA) grows by 4,1% and small ones by 1%. In the first sector (MDA), all countries registered an increase of sales value: Denmark, Greece and Portugal reported double-digit growth of 14.1 percent, 11 percent, and 13 percent, respectively. Smart connect products continued to grow in terms of sales value in Q1 2016, but on a limited basis. Small Appliances sector registered a modest increase of 1 percent, compared to Q1 2015. There was a double-digit increase in the Danish market compared to last year`s Q1 (up by 14.8 percent). The overall value of the SDA sector in Western Europe was 4.2 billion euro, while major appliances reached 8.3 billion euro.