Global Economic Picture In Aggregate Is Deteriorating: Things Are Getting Expensive, China Is Slowing Down, Weakest EU Countries Cutting Back On Healthcare Spending, Sales of Beverages Getting Weaker, Global Debt Crisis Worsening, And Europe Is Heading Into A Full-Scale Disaster
Investmentwatchblog.com
October 22nd, 2012
America’s Biggest Companies Reveal What’s Really Going On In The Global Economy
Nike warns that it’s getting more expensive to make things in China
“Gross margin declined 80 basis points to 43.5 percent. Gross margin continued to benefit from pricing actions and product cost reduction initiatives, however, this was more than offset by higher input costs, primarily materials and labor.”
Source: FactSet
Johnson & Johnson says that Europe’s slowest economies are cutting back on healthcare spending
“Having said that, we continue to see headwinds in most of the European countries, and particularly Southern Europe, but also in Central Europe.”
Source: FactSet
Chipotle warns that drought-related food cost inflation will continue through the end of the year
“The effects of the drought from this summer is going to impact us. It’s already starting to impact us in October. We expect to see higher prices overall of in the low-single-digit range moving from the third quarter to the fourth quarter. And then on top of that, we expect to see continued effects from the drought, and the effects are going to be seen in higher dairy prices and higher meat prices.”
Source: Seeking Alpha
Coca-Cola predicts decreased sales of beverages as China slows
The Rest…HERE
