The domestic market for white goods declines
The domestic market for white goods (washing machines, refrigerators, ovens etc) posted a considerable decline last year, with the drop continuing this year as well. The causes of this are to be found in the general financial climate and the large reduction in construction activity, which implies less demand for new household appliances. Sales declined in 2009 by 12.5 percent compared with the year before, an ICAP study showed.
