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Trade: GfK Temax Report: Romanian electronics & IT market up 2 pct at 1.436 bln euro in H1


Romania's electronics, home appliances and IT products market increased 2 percent in H1 2019 from the same period of the previous year, with sales of large screen smartphones recording the most significant growth, shows a GfK Temax report released on Wednesday.

Sales of durable goods amounted to 1.436 billion euros in H1, up 2 percent YoY, mainly due to sales of large and small appliances that advanced by 14 and almost 12 percent, respectively, stimulated by the 'Cash for home appliances' program.

Sales of electronics hit 214 million euros, driven mainly by TV sets. The large appliances market reached 283 million euros, while sales of small appliances stood at 105 million euros.

Sales of IT products totaled 187 million euros, by 10 percent less than in H1 2018. Sales in the telecom sector further bore the brunt of the plunge in classic mobile phone sales, sliding 0.5 percent to 623 million euros.

The sectors most affected by decreases are photo equipment - which went more than 9 percent down in H1, to 10 million euros, and office equipment (printers), with a more than 7 percent drop in sales, to 15 million euros.