Moody's Revises Outlook For Global Beverage Industry To Positive
Moody's has revised its outlook for the global beverages industry from stable to positive, saying that beverage firms' are likely to see a 'healthy' increase in operating profits in the next 12 to 18 months, with 'stronger growth in some markets offsetting weaker growth in others'.
The group said that European beverage firms are likely to benefit from efficiency initiatives despite modest inflation, with the Western European euro area economy likely to expand in single digits.
'Beverage companies will continue to report mid-single-digit earnings increases in the region, driven by stronger product mix and efficiency initiatives, as well as modest volume increases, while price inflation will remain low,' Moody's said.
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