The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
BMI View: We maintain our positive outlook for Israel's retail sector and forecast total household spending
to grow by 4.6% in 2016. Elevated domestic and regional security threats, while continuing to suppress
tourism receipts, look unlikely to have any significant negative impact on our forecast strong growth in
consumer spending. While the balance of household spending between essentials and non-essentials will
have changed very little in 2016, strong growth in spending on non-essentials categories like restaurant &
hotels indicates that consumer confidence remains high.
Key Views And Developments
? Total household spending is forecast to reach USD123.3bn in 2016, with housing & utilities spending
being the fastest growing category in the essentials segment, increasing by 5.0% across the year.
? The forecast growth in disposable household incomes will lead to a marked improvement in total
spending per household, which is expected to stand at USD50,796 by the end of 2016. Per capita
spending is forecast to increase to USD15,051 across the same period.