Friday, 27 September 2013

Venezuela Consumer Electronics Report Q4 2013

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Venezuela Consumer Electronics Report Q4 2013
Sep 25th 2013, 00:00

Price: $ 1295  

BMI View: The February 2013 devaluation of the bolivar has resulted in a downgrade to our forecast for consumer electronics sales in Venezuela. The devaluation will constrain consumer purchasing power and raise the cost of imported products for local consumers. An additional drag on the market is low business and consumer confidence derived from political uncertainty, following Nicolás Maduro's narrow victory in the April 14 Venezuelan presidential election. Although transition has been smooth so far, there are concerns about the future in the absence of Chavez. However, the market is not without positives and the Canaima Educativo notebooks for schools programme, and the February 2013 launch of digital broadcasting services in 13 states, will boost consumer electronics spending. Further, BMI expe ...

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