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.
Romania has significant oil and natural gas reserves and new ones are still being developed. The country is the third largest crude oil and natural gas producer within the EU and could play a vital role as a southeast Europe gas supplier, helping to ...READ MORE
Turkey’s health insurance coverage reaches 98.4% of the population, according to the OECD Health Statistics 2017. The state, through the Ministry of Health (MoH), is the main provider of health services in the country, which still has very low ...READ MORE
In 2012-2017 Chile’s total health expenditure rose at a CAGR of 11.6%, driven by a solid increase of government spending on healthcare. In 2017, Chile allocated 8.1% of its GDP on healthcare, a figure that is bound to grow in the short term. ...READ MORE
Poland is the sixth-largest market in Europe (understood as EU28 plus Norway and Switzerland) for pharmaceuticals as well as for cosmetics, with respective market sales of around PLN 38.3bn in 2017 and of at least PLN 16bn in 2016 (some estimates, ...READ MORE
Expenditure on healthcare in Romania reached RON 35.2bn in 2015, according to data provided by Eurostat. Total expenditure on healthcare was equal to 4.94% of GDP in that year. The Romanian healthcare sector was characterised by the lowest per capita ...READ MORE
The consumer goods and retail sector is an important part of the Russian economy and a significant driver of the country’s GDP growth. The sector generated 13% of the GDP in 2017 and employed more than 13.5mn people, or almost a fifth of the ...READ MORE
Total expenditure on healthcare in Hungary in 2015 reached HUF 2,460bn, up by 6.3% y/y. Government and compulsory health care financing schemes made up 67% of the expenditure, followed by private out-of-pocket spending (29%). Voluntary healthcare ...READ MORE
India’s textile sector is the country’s oldest manufacturing industry. Textile and apparel contributed 4% to India’s GDP, 14% to industrial production, and 13% to exports in FY2017. Textiles is second only to agriculture in ...READ MORE
China’s retail sector continued to grow in the fourth quarter of 2017, with sales rising 9.9% y/y to RMB 10,308bn. The positive trend was a result of strong consumption stimulated by rising average income levels, and ongoing supply ...READ MORE
The automotive sector is one of the key industries in Poland and it generated around 7% of the country's GDP in 2016. A total of 174,000 people are employed in the manufacturing of motor vehicles, trailers and semi-trailers, accounting for more than ...READ MORE