Posted 12/31/2023, 2:30:55 AM
Consumer Goods Makers See Strong Sales Growth Despite Inflation Eating into Demand
- Manufacturers recorded strong sales growth despite high inflation eroding consumer purchasing power
- Sales growth attributed to price increases and demand-generating activities, but volumes likely slowed
- Introduction of smaller pack sizes indicates consumers buying less due to squeezed budgets
- Nestle, FrieslandCampina, Unilever, and Fauji Foods all saw double-digit sales growth
- Economic environment remains challenging due to high inflation and interest rates impacting consumer demand