Perspectives Pictet

Published: Monday August 31 2015 Innocent Drinks, launched by three friends in 1999, is a socially and environmentally responsible company that produces healthy fruit drinks and supports rural development in countries that supply its ingredients. Richard Reed and two friends from Cambridge University had always talked about setting up a business, but four years after graduation they decided it was time to do it. They wanted to produce something that helped people have better lives, while...

Today’s data on July’s consumer spending were less robust than expected. Nevertheless, we continue to expect consumption growth to reach some 3.0% overall in Q3. July data on household consumption and income were published today. Real consumption rose by 0.2% m-o-m in July, slightly below consensus estimates (+0.3%). Already published data on retail sales and car sales for July had been quite upbeat, suggesting a more solid reading. However, in line with the revised Q2 GDP data published...