UK: LONDON
Paul Messenger
This year’s Clarity Alliance Hi-Fi Conference, held as usual in the excellent screening room of Dolby’s London headquarters, in Soho Square, seemed to have a somewhat wider scope than in previous years. As ever, the most interesting event was the presentation of statistics gathered and interpreted by market-research organization GfK SE, comparing year-on-year figures across numerous product categories.
2017 was characterized by uncertainty, as inflation began to creep ahead of earnings. Happily, unemployment in the UK is relatively low, and continues to slowly decline. However, general consumer confidence was negative throughout the year, though recently it’s shown a welcome increase.
Overall, consumer electronics showed a largely stable year-on result, down 4.5% by volume but –0.5% by value, with the more positive figures late in 2017, in…