ZURICH/LONDON: Global consumer goods companies are banking on fast-growing emerging markets to drive their growth, so signs on Thursday that sales have come off the boil in the once-booming economies of China and India could set alarm bells ringing.
Anglo-Dutch Unilever said growth"slowed a little" in China during the third quarter, while Nestle said its sales performance in China was flat over the first nine months of the year. Earlier this week, a poll showed that China's economic growth was expected to decelerate to a near 30-year low.. The economy in India is growing at its slowest rate in six years.Pernod Ricard's CFO Helene de Tissot blamed a softer trade environment for the drop in sales of its spirits such as Chivas in China.
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