Durable Home Appliance Sales Rise More Than 10% In Q2

  • 18 Aug 2016 9:00 AM
Durable Home Appliance Sales Rise More Than 10% In Q2
Sales of durable home appliances rose by 10.6% to 135.3 billion forints (EUR 434.6m) in the second quarter from the same period in 2015, market researcher GfK said on Wednesday.

The increase was driven by a 27.4% rise in entertainment electronics products, mainly on higher sales of flat screen television that saw higher demand because of the European Football Championship.

Sales of big-ticket home appliances were up 15% annually in April-June. Sales of small home appliances were up 14.3%.

Sales of telecommunication products rose by 17.2% and photography equipment sales were up 10.2%.

The sales of IT equipment, like tablets were down 10% and sales of office equipment were also down 8.9%.

Republished with permission of Hungary Matters, MTI’s daily newsletter.

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