Consumer goods makers set to post mixed sales malaya.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaya.com.ph Daily Mail and Mail on Sunday newspapers.
Consumer goods companies are
likely to post stronger fourth-quarter sales growth in Europe
than in the United States, monthly data indicates, boosted by
persistently higher prices in countries like.
LONDON (Reuters) -Consumer goods companies are likely to post stronger fourth-quarter sales growth in Europe than in the United States, monthly data indicates, boosted by persistently higher prices in countries like Britain, France and Germany even as Americans paid less. Companies like Procter & Gamble and Nestle began hiking prices in the United States at the end of 2021, driven initially by a pandemic-led freight and input cost crisis. The hikes, which ramped up following Russia's invasion of Ukraine, were easier to take in the United States than Europe because contracts with companies like Walmart and Target are a lot more flexible than highly regulated deals in Europe.