DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/jd2vqz/quarterly_food) has announced the addition of the "Quarterly Food Retail Growth Monitor: Single Report Q2 2013 - Sales and volume growth trends in 35 European countries and regions" report to their offering.
In the 2nd quarter of 2013 the food retail sales growth rate fell further to a low 0.5% for the EU as a whole. The volume growth rate (inflation excluded) amounted to -2.0%, which is one of the worst quarterly performances over the past few years. Southern Europe is still the main driver of volume declines, but in Q2 2013 volume declines are hitting large parts of the rest of Europe as well.
The food retail sector is faring worse than the non-food retail sector. Food price inflation in Europe has generally been much higher than the general inflation over the past 12 months, which may have contributed to the poor volume development. The Baltic States, led by Latvia, are however showing promising signs of growth. Latvia's euro-pegged economy was in a state comparable to that of Greece's just a few years ago, but its "internal devaluation" with wage and price cuts seems to be working. This may offer hope to some of the worst performing economies of Europe, but the data do not yet indicate any major turn-around in the making for these countries.
Key Topics Covered:
- Central Europe
- Country comparison table - Sales
- Country comparison table - Volume
- Czech Republic
- Eastern Europe
- Euro area, 17 countries
- European Union, 27 countries
- Licensing, legal and data information
- Nordic countries
- Southern Europe
- The Netherlands
- United Kingdom
For more information visit http://www.researchandmarkets.com/research/jd2vqz/quarterly_food
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