AB Inbev said that “solid growth” in Mexico, South Africa and Colombia had been more than offset by declines in China and the United States ALAMYThe world’s biggest brewer has sparked further concerns about the global economy after weak beer sales in China and America took the fizz out of its third-quarter trading. About $15 billion was wiped off the value of Anheuser-Busch Inbev, which brews Budweiser, Stella Artois and Beck’s, after it said yesterday that sales volumes had fallen by 0.5 per cent year-on-year in the three months to the end of September, against consensus forecasts for growth of 0.8 per cent. AB Inbev, based in Leuven, Belgium, owns more than 500 brands. It has 175,000 employees in almost 50 countries. The figures highlight the pressure on economies worldwide, as well as the challenges facing brewers in developed markets, where consumers are drinking less beer and are switching to…

Source: The Times October 25, 2019 23:03 UTC