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


Retail & wholesale support EU Plastics Strategy

19/01/2018

(Content provided by EuroCommerce) The retail and wholesale sector sees the publication of the EU Plastics Strategy as a welcome step towards a more circular economy, which it hopes will transform the way plastics are produced, used and discarded.

LensGroup acquires two German web shops

18/01/2018

Belgian LensGroup, which owns lens web shop LensOnline, has acquired two German competitors.The entry on the German market means the company is now active in five European countries.

Will your company win the bpost Omnichannel Award 2018?

18/01/2018

Which retailer will succeed Juttu in 2018 as the winner of the bpost Omnichannel Award? Candidates can now register, the award will be presented during the RetailDetail Omnichannel Congress on 1 March.

British supermarket chain Iceland gives plastic the boot

17/01/2018

British frozen food chain Iceland will be the first supermarket chain to cut all plastic packages from its private labels. By 2023, each of its 1,400 private label products will have more sustainable packaging, like cardboard and paper, alternatives to plastic.

Hema will open stores in Middle-East

15/01/2018

Hema will head outside of Europe for the first time ever: it will open three stores in Dubai later this year. In the next five years, the Dutch chain aims to open a sizeable number of Middle-Eastern stores.

Metro Group is happy with first quarter

15/01/2018

German Metro Group is happy with its first quarter results. Turnover, after exchange rate fluctuations, has only grown 0.2 %, but there was a 0.8 % like-for-like turnover increase.

Back to top