German sales of consumer electronics have continued to grow at a strong pace, boosted in part by its participation in Euro 2008, according to GfK's TEMAX report.The German market saw growth of 5.2 per cent overall in the second quarter of 2008 to €9.5 billion (£7.5 billion), driven largely by LCD TVs – sales of which accounted for around 50 per cent of all consumer electronics purchases and were up by 19.2 per cent on the same period in 2007.
Office equipment and consumables, such as printer ink, grew by 3.3 per cent, while sales of IT grew by just 2.5 per cent.
The small and large home appliances also remained strong, with sales increasing by 5.3 per cent and 5.2 per cent, in stark contrast to the UK market where sales have been in freefall for some time now.
Advertisement
Related Stories
- Eugene Polley, inventor of the remote control, dies at 96 May 22nd 2012 at 10:10PM
- Gem lands Krator distribution May 22nd 2012 at 9:36AM
- iPhone 5 'bigger screen' rumours gather pace May 17th 2012 at 2:13PM
- PCR Retail Boot Camp: Should you leave PC sales to Tesco and PC World? May 3rd 2012 at 1:26PM
- GfK: Market growth to slow in 2012 May 2nd 2012 at 11:49AM
- Gadget Show Live 2012: The trade day Apr 10th 2012 at 1:55PM
- VIP goes forward with Forward Industries Mar 15th 2012 at 10:00AM
- iPad and Kindle Fire lead strong tablet sales Mar 14th 2012 at 2:29PM
- Beam me up, Samsung Feb 28th 2012 at 2:28PM
- BBC Breakfast presenter to keynote at PCR Retail Boot Camp Feb 17th 2012 at 9:44AM
