Chart of the Day: Singaporeans restrained from buying anything but smartphones and tablets

Sales of telecommunication sector grew more than 50% in Q2.

The overall Singapore technical consumer (TCG) goods market saw growth in sales in Q2 2012 compared to Q2 2011. Telecommunication (Telco) and Information  Technology posted healthy  increases while the remaining sectors recorded negative growth.

Here's the chart from GFK Asia:

Technical Consumer Group covers the following sectors:
- Consumer Electronics (CE) cover audio and visual products such as colour TV, camcorder, audio home system etc.
- Small Domestic Appliances (SDA) are household appliances such as food preparation, rice cooker, iron, vacuum cleaner, shaver, etc.
- Major Domestic Appliance (MDA) covers big household appliances such as cooling (Refrigerator), washing machine, microwave oven.
- Photo includes digital camera
- Information Technology (IT) includes Tablets, Desk Computer, Mobile Computer, and Monitor.
- Office Equipment & Consumables include Printers, Multifunction devices and Ink Cartridges
- Telecommunication (TELCO) covers mobile phone and smart phone.