Wednesday, 22 May 2013

Australia Food and Drink Report Q3 2013

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Australia Food and Drink Report Q3 2013
May 22nd 2013, 00:00

We do not believe the Australian government''s efforts to lift the economy will be sufficient to compensatefor the dire state of the job market and highly leveraged households. As a result, we expect growth inprivate consumption to slow from an estimated 3.0% in 2012 to 1.2% in 2013, close to the lows recorded in2009. This is likely to leave our food and drink sales growth forecasts relatively subdued in the mediumterm. Even if economic conditions take a turn for the better, the shift of consumption habits towards privatelabels in Australia is likely to remain firmly entrenched over the coming years as a growing number ofconsumers acknowledge private labels as a very ...

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