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General

Consumer tech product sales fall 6% in Q3 - GfK

Thursday 28 November 2013 | 15:11 CET | News
Western European technical consumer product sales fell in the third quarter by 5.9 percent year-on-year to EUR 45.5 billion, with the telecom market and the demand for smartphones the only notable exception, a study by GfK Temax revealed. Growth was dampened by ongoing difficult economic conditions although the study did note positive indicators at other markets, giving hope for a future turnaround. The European economy stagnated at last, and the European Commission is projecting a 1.1 percent growth from next year onwards. Willingness to buy is rising, with politics softening austerity

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Categories: General
Countries: Europe / Western Europe
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