Italy Food and Drink Report - Business Monitor International - Industry Reports

Italy Food and Drink Report

Italy Food and Drink Report - Business Monitor International - Industry Reports
Italy Food and Drink Report
Published Oct 15, 2016
66 pages — Published Oct 15, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

Our consumer outlook for Italy will improve gradually over the coming quarters. Our Europe Country Risk team has modestly revised our growth forecasts for the Italian economy, which explains our slightly higher forecasts for private consumption growth. ...In particular, the abolishment of a levy on primary residences will support household spending, given that three out of four homes are owner-occupied. Consumer confidence has improved significantly in recent months, and in October ---- reached its highest level since ----, while we have also observed an uptick in retail sales. Subdued inflationary pressures, on the back of low commodity prices, combined with employment growth, which accelerated in Q---, also bolster our improving outlook for household spending. ...Consumer confidence has improved significantly in recent months, and in October ---- reached its highest level since ----, while we have also observed an uptick in retail sales. Subdued inflationary pressures, on the back of low commodity prices, combined with employment growth, which accelerated in Q---, also bolster our improving outlook for household spending.

...Nonetheless, we caution that while Italy s consumer outlook is gradually improving, private consumption growth will remain bleak over the next -- years. We do not expect private consumption growth to exceed - annually throughout our forecast period. ...The age dependency ratio (those older than -- as a percentage of the working population) is set to reach -- by ----, from -- in ----. A shrinking workforce and a higher degree of dependency will require a significant improvement in productivity or higher immigration of young workers to prevent a long-term deterioration in economic output. Left unchanged, the current demographic trajectory suggests that nominal economic output will fall at some point over the longer term. ...A shrinking workforce and a higher degree of dependency will require a significant improvement in productivity or higher immigration of young workers to prevent a long-term deterioration in economic output. Left unchanged, the current demographic trajectory suggests that nominal economic output will fall at some point over the longer term.

...BMI View: Slow recovery in the economic outlook for Italy over the next two years will also dampen the country s consumer outlook over the near term. Despite weaker economic growth, Italy s food and drink industry benefits from a high food spending culture. ...

  
Source:
Document ID
1749-2777
Country
Industry
Industry
Industry
Industry
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Industry
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Italy Food and Drink Report" Oct 15, 2016. Alacra Store. Dec 04, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Italy-Food-and-Drink-Report-2026-203>
  
APA:
Business Monitor International - Industry Reports. (2016). Italy Food and Drink Report Oct 15, 2016. New York, NY: Alacra Store. Retrieved Dec 04, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Italy-Food-and-Drink-Report-2026-203>
  
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