Friday, 23 August 2013

Bahrain Food and Drink Report Q4 2013

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Bahrain Food and Drink Report Q4 2013
Aug 21st 2013, 00:00
Price: $ 1295  

BMI View: Bahrain's economic growth is expected to accelerate over the next few quarters, driven by a recovery in hydrocarbon output as well as rising business activity in the non-oil economy. We forecast real GDP growth of 3.7% this year and 3.2% in 2014, from 3.4% in 2012. We have raised our outlook for household consumption slightly on the back of the planned expansion in government current spending, and now forecast growth of 6.0% this year (from 4.5% previously) and 4.0% in 2014. Headline Industry Data (local currency) ? 2013 food consumption growth = +6.6% year-on-year (y-o-y); compound annual growth rate (CAGR) to 2017 = +7.7% ? 2013 soft drink value sales growth = +5.7% y-o-y; CAGR to 2017 = +6.8% ? 2013 mass grocery retail sales = +8.2% y-o-y; CAGR to 2017 = +9.2% ...

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