Thursday, 3 October 2013

Kuwait Food and Drink Report Q4 2013

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Kuwait Food and Drink Report Q4 2013
Oct 2nd 2013, 00:00

Price: $ 1295  

BMI View: Our outlook on Kuwait's food and drink sector remains strong. The Kuwaiti economy is likely to remain on a moderate expansion path heading into 2014, with growth supported by strong private consumption and a modest rise in oil production and exports. We forecast real GDP growth of 3.0% for 2013, slowing slightly to 2.6% in 2014. Private consumption activity has stayed robust over the last few years and we expect these trends to continue over the coming quarters, forecasting private expenditure growth of 3.5% and 3.0% in 2013 and 2014 respectively. Headline Industry Data (local currency) ? 2013 food consumption growth = +3.8%; forecast compound annual growth rate (CAGR) to 2017 = +4.0% ? 2013 per capita food consumption growth = +1.5%; forecast CAGR to 2017 = +1.8% ? 201 ...

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