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In the first quarter of 2020, the Information Technology (IT) sector of the Technical Consumer Goods industry generated a revenue of approximately 2.565 billion British pounds. This represents a decline of 0.7 percent on Q1 2019. Revenue is traditionally higher during the fourth quarter of each year, exceeding three billion British pounds in Q4 2019, the first time that mark had been broken since Q4 2012.

Year on year growth in technical consumer goods

The Technical Consumer Goods industry  grew by 6.4 percent from Q1 2018 to Q1 2018, generating revenue amounting to 8.563 billion British pounds in Q1 2019. This included 2.85 billion British pounds generated from telecommunications consumer goods, and 930 million British pounds from consumer electronics.

IT consumer goods in Western Europe

°Õ³ó±ðÌý 2.575 billion British pounds generated in the United Kingdom makes up a significant chunk of the total revenue generated in Western Europe. In 2019 the IT sector of the Technical Consumer Goods industry generated revenues totaling 14.86 billion euros.