Nestle SA Chief Executive Officer Paul Bulcke said he sees signs that the U.S. market is improving and expects European consumer confidence will return.
The U.S. has “refreshing winds coming,” the top executive of the world’s largest food company said in an interview at the World Economic Forum in Davos, Switzerland. “You already feel it a little bit,” he said. “We should not expect dramatic increases in growth, but it’s going to get better.”
Consumer confidence in Europe “is going to come back,” Bulcke also said. “It’s going to take years though. It’s not going to be a fast-going out of the woods.”
Unilever, the world’s second-largest consumer-goods maker, today reported revenue growth that beat estimates for a third straight quarter, led by gains in North and South America and demand for personal-care products. Unilever CEO Paul Polman said Europe is facing at least a decade of slow economic growth in an interview last month.