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Market Asia Pacific

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ITALIAN CONSUMER CONFIDENCE BOTTOMS OUT.
A combination of economic weakness and political turmoil battered Italian consumer confidence during 2003, but the panorama is likely to improve a bit in the second quarter of 2004. Economic . . .

SPANISH COMMERCIAL ACTIVITY REVIVES.
Spains internal consumption proved to be surprisingly resilient throughout the 2002-2003 European economic slump, and 2004 promises to be the year when sustainable growth in private sector spending . . .

ICELAND'S FIRM DISCRETIONARY SPENDING.(Brief Article)
With a population of 0.3 million, Iceland is home to one of the worlds smallest consumer bases, yet the levels of household income and discretionary spending are among the worlds highest. To a . . .

BELGIAN CONFIDENCE ON THE RISE.(Brief Article)
By December of last year, the level of confidence among Belgian business leaders had demonstrated a multi-month upward trend. There were also signs that consumer confidence is recovering, and that . . .

HUNGARY'S CONSUMPTION CLIMATE SHIFTS.(Brief Article)
Late last year, rising interest rates and devaluation of the national currency (the forint) clouded Hungarys consumption climate. These shifts undermined the cost competitiveness of imported goods . . .

LATVIA'S SHRINKING CONSUMER BASE.(Brief Article)
Latvia has made impressive headway in its economic transition following the breakup of the Soviet Union, yet obstacles still remain to long-term growth of private sector consumption. One obstacle . . .

NORWEGIAN CONSUMERS GAIN CONFIDENCE.(Brief Article)
Confidence among Norwegian consumers and business leaders is on the rise, and that will contribute to healthy gains in private sector consumption as 2004 progresses. The jobless rate in Norway . . .

IRELAND BENEFITS FROM ITS GREEN IMAGE.(horticultural industry)(Brief Article)
The demand for Irish garden nursery products is increasing both at home and abroad, and that should bring double-digit growth for plant producers and retail nursery operators. Strongest internal . . .

EUROZONE GDP EXPANDS, BUT RETAIL SALES DON'T.(gross domestic profit)
European Central Bank leadership predicts that the strong euro will boost household consumption, but retail sales data show that the turnaround will be slow in coming. The fourth quarter of 2003 . . .

INDONESIAN CONSUMER DEMAND TO GROW.
Internal consumption has been the engine driving Indonesias economic growth in recent years, and it should take on even more importance during 2004. A recent report released by the Central Bank . . .

CASUAL KOREAN LIFESTYLE RESHAPES DEMAND.
The South Korean work week is getting shorter and consumption patterns are changing as the average household focuses more on recreational activities. The five-day work week is boosting the . . .

IMPLICATIONS FOR MARKETERS.(China and India to lead consumer spending)(Brief Article)
China and India will be the driving forces behind growth in Asian private sector consumption for years to come. Although China is the worlds largest consumer base at present, it will be eclipsed by . . .

THAIS PUT THEIR CREDIT CARDS TO WORK.(Brief Article)
Thai consumers are rapidly gaining maturity in the use of credit cards and feel increasingly confident to venture into financed high-end purchases. Thailands credit card business is one of the . . .

JAPAN'S SHIFTING ALCOHOLIC PREFERENCES.(Aahi Breweries Ltd.)(Brief Article)
As Japanese consumers become acquainted with a wider variety of imported alcoholic beverages, wine and cocktails are gaining market share against beer. Japans leading brewer, Aahi Breweries Ltd., . . .

CHINESE CONVENIENCE STORE SALES TO RISE.(Brief Article)
Faced with tepid sales growth in their mature home markets, the worlds largest convenience store chains are increasingly pinning their hopes for expansion in the Chinese market. Chinese consumers . . .

CONSUMER CONFIDENCE BOOSTS NZ SALES.(Brief Article)
At the outset of 2004, consumer confidence in New Zealand was at a six-year high, and that will be reflected in strong demand for high-end durables throughout the year. Interest rates are likely to . . .

AUSTRALIANS SPENDING IN SPITE OF HIGHER INTEREST RATES.(Brief Article)
Australian interest rates began to rise during the second half of 2003, but consumer goods sales are likely to remain strong through 2004. However, there is increasing evidence that the heated . . .

PRODUCT FOCUS- VIETNAMESE VEGETABLE OIL.
The demand for vegetable oil is on the rise in Vietnam, and local producers are taking major steps to fend off competition from high quality imported brands. According to a report released by . . .

MONSOONS AND MANUFACTURING SHAPE INDIAN DEMAND.
In Indias agriculture-dependent economy, monsoon rains have a direct impact on the level of demand for consumer goods and services. Years in which the monsoon rains fail are lean years for rural . . .

SPAIN'S CONSUMPTION PANORAMA BRIGHTENS.
Spain evaded the prolonged economic downturn that plagued most of the rest of the EU over the past two years, and commercial activity is positioned for moderate but sustainable growth throughout . . .

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