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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 Q2 2019, China’s economy slowed down, growing by 6.2% y/y, a record low in 27 years. However, total retail sales of consumer goods rose by 8.6% y/y in Q2 2019 to RMB 9,742bn, driven by growing incomes, higher spending and the ...
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In 2017, Brazil’s economy exited one of the deepest recessions in decades, and retail sales in the country returned to growth, expanding by 2% y/y in volume terms. Several factors supported the turnaround of the sector, including slowing ...
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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 ensuring stable ...
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Chile is a relatively small economy – the 41st largest in the world and the fifth-biggest in Latin America in 2017, according to the World Bank. However, its retail sector is well developed, mature and sophisticated, and in many aspects on par ...
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The importance of the retail sector for the Polish economy is tremendous. The sector employs around 18% of the country's workforce and in 2017 the value of retail sales was equal to over 40% of Poland's GDP. The sector is becoming more and more ...
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China’s retail sector continued to grow in Q2 2018, although the pace of growth slowed down to 3.7% y/y. The sector was driven by strong domestic consumption which contributed 78.5% to the country’s economic growth in the first half of ...
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The retail sector has been one of the driving forces of the Indian economy, expanding its value added at a CAGR of 11% over FY2013-2017, driven by positive demographic trends, ongoing urbanisation and an increasing middle class population, rapidly ...
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China’s retail sector continued to expand in Q1 2018, driven by strong domestic consumption which contributed 77.8% to the country’s economic growth in the period, compared to its 77.2% share in Q1 2017. High consumption was largely a ...
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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 ...
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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 ...
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