Czech Republic Food and Drink Report Q2 2014

Czech Republic Food and Drink Report Q2 2014

Published: February 2014
Publisher: Business Monitor International (BMI)
Product ref: 194778
Pages: 123
Format: PDF
Delivery: Immediate download

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Across 2013 the Czech Statistical Office recorded continued improvements in consumer confidence levels, which should in turn start to reflect in private consumption and household spending during 2014. We expect real GDP growth to return to the Czech economy from 2014 onwards, with our country risk team forecasting real GDP growth for the first time in two years. The only foreseeable potential risks to GDP growth would be as a result of further deteriorating growth within the country's eurozone neighbours, which seems unlikely at this time.

While unemployment remains below the EU average, it continued to rise a little during 2013 and is expected to rise again during 2014. The annual inflation rate stood at just 1% in September 2013, with food and soft drink prices falling another 0.8%. In view of the maturity of the country's consumer base, its increasing confidence should help to secure the premiumisation necessary to sustain momentum in the sector.

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Related research categories

By sector: General drinks

By market: Czech Republic (in Europe)


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