GfK experts expect the global market for technical consumer goods to grow +2.5 percent in value in 2020, with consumers spending an estimated €1.05 trillion*. Telecoms (+3 percent), Small Domestic Appliances (+8 percent) and Major Domestic Appliances (+2 percent) will drive the growth.
GfK’s long-running Consumer Confidence Index has increased three points to –11 for December, thanks to sharp increase in optimism for the British economy over the coming year. Four measures increased, and one measure decreased this month.
Sales of technical consumer goods rise 16.4% in value in Britain, compared to 2018, as shoppers ‘trade up’ to premium products.
GfK’s long-running Consumer Confidence Index is unchanged at -14 for November. One measure increased, one is unchanged, and three measures decreased this month. J“In the face of Brexit and election uncertainty, consumers are clearly in a ‘wait-and-see’ mode." says Joe Staton, Client Strategy Director at GfK.
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Does reduced confidence in personal finances for the year ahead pose a risk to the wider economy?
GfK’s long-running Consumer Confidence Index decreased two points to –14 in October, with decreases in all five measures this month.
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GfK’s long-running Consumer Confidence Index for the UK improved two points to –12 in September. All five measures increased this month.
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GfK appoints Neil Frackiewicz as Head of Retail UK, effective from 1 September 2019. Frackiewicz takes over from Michael McLaughlin, who was promoted earlier in the year to GfK’s Head of Retail Europe.
GfK’s long-running Consumer Confidence Index decreased to –14 in August. All five measures decreased this month.