Thursday, 3 October 2013

Venezuela Food and Drink Report Q4 2013

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

Price: $ 1295  

BMI View: Stronger-than-expected real GDP growth in H113 has prompted us to revise up our 2013 Venezuelan growth forecast from 1.0% to 2.0%. However, while real private consumption growth exceeded our expectations in H113, coming in at 4.4% y-o-y, we anticipate lower levels of household spending later this year and throughout 2014 which in turn will have negative implications for consumer spending on food and drink. Headline Industry Data (US$) ? Per capita food consumption forecast to 2017 = -7.5%. ? Alcoholic drink sales forecast to 2017 = -7.2%. ? Soft drink sales forecast to 2017 = -3.6%. ? Mass grocery retail sales forecast to 2017 = -3.8%. ...

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