Inflation causes European customer spendings drop

A survey by research company SymphonyIRI shows that the European customer is spending less money on shopping: for the first time since the start of the global crisis, the inflation has caused a lower turnover for consumer goods - according to SymphonyIRI. 

FMCG turnover drops almost 2%

In Germany and the UK, turnover for Fast-Moving Consumer Goods has dropped 1.6% and 1.8% respectively – and the same evolution is visible in most European countries. Analysts point to the fact that inflation is rather high (between 3% and 4% in the UK from January to March) and that consumer confidence is extraordinarily low. 

 

All over Europe, producers and distributors are reacting in the same way: price reductions have appeared almost anywhere. In France and Spain, 20% of all consumer goods were sold at a reduced price. For the UK, this was even around 50%.

A survey by research company SymphonyIRI shows that the European customer is spending less money on shopping: for the first time since the start of the global crisis, the inflation has caused a lower turnover for consumer goods - according to SymphonyIRI. 

FMCG turnover drops almost 2%

In Germany and the UK, turnover for Fast-Moving Consumer Goods has dropped 1.6% and 1.8% respectively – and the same evolution is visible in most European countries. Analysts point to the fact that inflation is rather high (between 3% and 4% in the UK from January to March) and that consumer confidence is extraordinarily low. 

 

All over Europe, producers and distributors are reacting in the same way: price reductions have appeared almost anywhere. In France and Spain, 20% of all consumer goods were sold at a reduced price. For the UK, this was even around 50%.

Questions or comments? Please feel free to contact the editors


"Contactless payments can help retailers attract more customers"

21/04/2017

(content provided by EuroCommerce) - In a move to promote the adoption of contactless payments among retailers, EuroCommerce has published a guide on how they can get the most out of this technology.

Philip Morris' cigarette sales dropped more than a tenth

20/04/2017

In the past quarter, cigarette sales for tobacco giant Philip Morris, with brands like Marlboro, L&M and Chesterfield, dropped 11.5 % and turnover dropped 1.4 %, although profit did grow 4 %.

Pearle's parent company acquires Tesco Opticians

20/04/2017

Tesco Opticians, British supermarket giant Tesco's optician chain, will become part of GrandVision, a company listed on the Amsterdam stock exchange. The British Bureau of Competition still needs to approve the deal however. 

Price increases lead to higher turnover for Unilever

20/04/2017

Despite a 0.1 % volume drop, Unilever has raised its first quarter turnover by 6.1 % as price increases and exchange rate fluctuations helped to boost turnover.

Hema limits losses in 2016

20/04/2017

Dutch store chain Hema managed to lower its 2016 losses significantly when compared to 2015. Full-year turnover grew nearly 5 %, thanks to increased clothing sales and its new store formula.

Stronger Supply Chain Initiative and national dialogue as alternative to EU legislation

14/04/2017

(This content was provided by EuroCommerce) For the Supply Chain Initiative, which promotes fair trading practices in business-to-business transactions in the food supply chain, EuroCommerce is looking for an independent chairperson.

Back to top