Moody's: Asia Pacific retailers stable

Moody's Investors Service said it is retaining a stable rating outlook for Asia Pacific's retailing and consumer product sectors over the next 12 to 18 months despite continued economic uncertainty in the region and worldwide.

In a new report, Moody's said that record-level stimulus plans and the easing of interest rates by Asia-Pacific policymakers have propped up domestic demand. The agency said it expects renewed growth to be supported by local consumers rather than from the export markets that had propelled the region in recent years.

With rising unemployment, low consumer confidence and diminished wealth from lower asset values in much of the region, non-discretionary consumption on basic consumer products is likely to hold up better than discretionary expenditures on premium goods at retail outlets, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.