The"GfK Asia retail data portrays very positive news on the consumer electronics market across the region for the first half of 2008, with increases in volume and value in many product segments," Steven Kaiser, Commercial Director CE, GfK Asia said. "Our data shows a strong and healthy consumer climate which, thus far, has been less affected by the economic woes in other parts of the world."
The positive news comes as the Australian Reserve Bank gets set to cut interest rates later today.
For Televisions, the GfK data indicates that, in general, consumers in Australia continue to favour LCD TVs over Plasma TVs during the first half of 2008 and year on year, LCD TV retail volumes grew by more than 50% in Australia and New Zealand the research Company said.
Australia is not alone in witnessing CE growth, Cambodia, Indonesia and Vietnam all lead the way with over 250% retail volume growth for LCD TV in the first half of the year when compared to the first six months retail sales of 2007. Malaysia and Thailand register first half LCD TV retail volume growth rates above 115% compared to the January to June period one year ago.
