FMCG Monitor: Q3 2020
The Philippine Economy, together with total household final expenditure (HFCE), continues to contract in Q3 2020 vs YA but at a slower rate than previous quarter. Headline Inflation remains to be within the government’s annual target. Despite decline vs YA, FMCG spending is noting recovery across regions and from SEC C2DE - indications of recovery from Non-Food categories in the recent periods. Among the top categories, Instant noodles and Family/Adult Milk grew in both value and volume
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