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Consumer goods and services
Consumer Goods & Retail is the largest services sector, providing the necessary link between producers and final consumers. The sector has a major socio-economic role, being among the biggest employment generators and contributors to economic growth. It is highly heterogeneous, using a variety of formats and channels to meet the needs of the more sophisticated global consumer. In today’s digital era, the increasing penetration of everyday life by information and communications technologies is reshaping the purchase decision process. This promotes the rapid development of online retail solutions that enhance customer retention and create tailor-made experience through both digital and mobile platforms.
Activities associated with Consumer Goods & Retail are the manufacturing and retailing of goods intended for everyday use by end consumers. Examples include food, textile products, apparel and footwear, household goods, furniture, hygiene and personal care products, jewellery, toys and sporting goods. It also covers all retail channels, from traditional supermarkets and specialised stores to non-store retailers such as e-stores, mail-order houses and direct selling establishments. Retail sale of fuels and vehicles is also included in this sector.
In the third quarter of 2019, China’s economic performance was weaker, growing by 6% y/y, the lowest level in 27 years. The GDP growth for the first nine months of 2019 reached 6.2% y/y. Such dynamics was a result of increasing external ...
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The automotive industry is the backbone of Indian heavy industry, with linkages to the steel, aluminium, rubber, plastic, and glass manufacturing industries, amongst others. Sectors such as logistics, banking and insurance, repair services, and fuel ...
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The automotive sector is the second largest manufacturing industry in Poland in terms of gross output, after only food and beverage manufacturing. The sector also has a major socio-economic role, employing around 203,000 people in 2018 (8% of the ...
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In 2018, Thailand was the largest producer of four-wheel vehicles in the ASEAN region and the 12th largest vehicle producer and market in the world. The country’s four-wheel vehicle market was the second-largest in ASEAN in that year. The ...
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The automotive production in China slumped by 17.6% y/y in Q2 2019 amid weaker economic growth and a continuous decline in the domestic automotive market. In Q2 2019, China produced 5.8mn cars compared to 7.03 mn in the same quarter of the previous ...
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Economic growth in the Philippines over the past few years has been strong as a result of rising remittances from overseas Filipino workers (“OFWs”) and a rising availability of comparatively high paying jobs from the business process ...
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Total household expenditures in Malaysia have been growing at a CAGR of 9.4% from 2014 to 2018, reflecting a still-growing consumer goods and retail sector despite a turbulent political environment that saw Malaysia’s first change of government ...
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Generating some 14% of Russia’s GDP and employing over 13mn people, the retail sector is a significant driver of the country’s economy. In 2018, retail trade turnover increased by 6.2% y/y in value terms and by 2.8% y/y in ...
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China is the world’s largest retail market and a global leader in e-commerce. As the country makes its transition from a manufacturing-based economy to a service-oriented one, the government’s priority has become that of ...
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The automotive production in China slumped by 9.8% y/y in Q1 2019 amid weaker economic growth and a continuous decline in the domestic automotive market. In Q1 2019, China produced 6.3mn cars compared to 7.02 mn in the same quarter of the previous ...
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