Consumer electronics alone, i.e., excluding electric appliances, recorded annual factory sales (i.e., net of retail markups) of $55.9 billion in 1994, which amounted to 1.25 percent of nominal personal consumption expenditures.47 The 1995 share in PCE of final sales to consumers of audio and video equipment, including TV sets and VCRs, was also 1.25 percent, appliances contributed an additional 0.