According to the Economic and Steel Market Outlook 2021-2022/Q3 2021 Report from the Economic Committee of the European Steel Association EUROFER, “Despite strong rebound in output both in the third and the fourth quarter, output in domestic appliances has fallen by 2.8% in 2020, which represents the third consecutive annual drop and then is set to recover strongly by 13.1% in 2021 and only marginally by 0.1% in 2022. We hereby assume that, even once the pandemic is over and full mobility is again restored, home working will remain widespread, albeit not as much as it has been since March 2020. This will continue to support demand for home appliances and other goods that can enhance the quality of home life and ensure better comfort when working from home. In addition, developments linked to the so called Internet of Things ie smart applications that enable to connect and set home appliances and devices and systems over the Internet should also benefit the sector.”Production activity in the electrical domestic appliances sector has rebounded by 17.1% YoY in the first quarter of 2021, further5% QoQ growth over the fourth quarter of 2020, which was the third consecutive quarter of expansion. These positive developments reflected a bigger than expected recovery in output after the removal of lockdown measures across the EU and the widespread remote working across EU Member States, which has likely boosted demand for home appliances and other related goods.The domestic appliances sector, as well as other steel-using sectors, was severely impacted by the economic lockdown due to the onset of the pandemic in mid-March 2020. This has further exacerbated the negative trend in production of the electrical domestic appliances sector in the EU recorded since the third quarter of 2018. After plummeting by 19.3% in the second quarter of 2020, production activity in the EU’s electrical domestic appliances sector sharply rose by .5% YoY in the third quarter of 2020, being the only steel using sector which recorded positive growth over that quarter and also in the fourth quarter of 5%. However, on a yearly basis, output fell by 2.8% in 2020, that was the second year of recession after minus 0.7% in 2019
According to the Economic and Steel Market Outlook 2021-2022/Q3 2021 Report from the Economic Committee of the European Steel Association EUROFER, “Despite strong rebound in output both in the third and the fourth quarter, output in domestic appliances has fallen by 2.8% in 2020, which represents the third consecutive annual drop and then is set to recover strongly by 13.1% in 2021 and only marginally by 0.1% in 2022. We hereby assume that, even once the pandemic is over and full mobility is again restored, home working will remain widespread, albeit not as much as it has been since March 2020. This will continue to support demand for home appliances and other goods that can enhance the quality of home life and ensure better comfort when working from home. In addition, developments linked to the so called Internet of Things ie smart applications that enable to connect and set home appliances and devices and systems over the Internet should also benefit the sector.”Production activity in the electrical domestic appliances sector has rebounded by 17.1% YoY in the first quarter of 2021, further5% QoQ growth over the fourth quarter of 2020, which was the third consecutive quarter of expansion. These positive developments reflected a bigger than expected recovery in output after the removal of lockdown measures across the EU and the widespread remote working across EU Member States, which has likely boosted demand for home appliances and other related goods.The domestic appliances sector, as well as other steel-using sectors, was severely impacted by the economic lockdown due to the onset of the pandemic in mid-March 2020. This has further exacerbated the negative trend in production of the electrical domestic appliances sector in the EU recorded since the third quarter of 2018. After plummeting by 19.3% in the second quarter of 2020, production activity in the EU’s electrical domestic appliances sector sharply rose by .5% YoY in the third quarter of 2020, being the only steel using sector which recorded positive growth over that quarter and also in the fourth quarter of 5%. However, on a yearly basis, output fell by 2.8% in 2020, that was the second year of recession after minus 0.7% in 2019
