Swipe through the latest business and wealth clues with our android app

Dragged by extended lockdowns, FMCG sector to register flat growth in 2020: Nielsen

India's FMCG sector is expected to witness flat growth in 2020 following severe and extended lockdowns, restrictions on manufacturing units, social distancing norms and store closures, according to data analytics firm Nielsen. In April, Nielsen had slashed the growth forecast for the FMCG sector by almost half to 5-6% for 2020. Despite some uptick in business activities June, the industry growth slipped to negative with 6% decline in the January-June 2020 period. “The FMCG industry had a significant hit in the April-June quarter with a 17% decline in sales value as compared to the same quarter of 2019," said Nielsen.

Read More at The Economic Times News date : 30 Jul 2020, Thursday

©2020 TheNewsClues