Australia, November 11, 2011
Consumers continued their love affair with the smartphone in quarter 3, leading to a whopping 45% quarter on quarter value growth for the telecom sector. At the opposite end of the scale was an 11% decline for the consumer electronics sector. The net result was an overall growth of 5% for the technical consumer goods industry; a positive result against the back-drop of global financial unrest, and significant swings in local consumer confidence.