2014-02-07 23:03:01 - Italy Food and Drink Report Q1 2014 - a new market research report on companiesandmarkets.com
Following nine straight quarters of contraction, we forecast real GDP growth in Italy to reach 0.4% and 0.7% in 2014 and 2015 respectively. With one of the highest household savings rates in Europe prior to the crisis, and among the lowest private debt burdens, private consumption has not been a strong driver of GDP growth in the past decade. We do not expect this trend to change, and forecast private consumption growth of 0.3% and 0.7% in 2014 and 2015 respectively. This has negative implications for food and drink spending.
Headline Industry Data (local currency)
- 2013 per capita food consumption = -0.6% year-on-year (y-o-y); compound annual growth rate (CAGR) 2013 to 2017 = +0.9%
- 2013 alcoholic drink value sales = +3.21%;
CAGR 2013 to 2017 = +1.8%
- 2013 soft drink value sales = -3.1% ; CAGR 2013 to 2017 = +1.8%
- 2013 mass grocery retail sales = -0.1%; CAGR 2013 to 2017 = +1.1%
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