RubinBrown Middle Market Food & Beverage Sector 2016 Update

Long-term Economic Indicators

Highlights

Consumer Confidence Index

Producer Price Index

§ The U.S. economy still continues to show signs of improvement following the Great Recession, with consumer-based indices and statistics supporting the overall growth seen over the last few years. § Food and Beverage prices have both continued the upward trend, after Food manufacturers had a two- year period of decline, and Beverage manufacturers had a slight decline at the end of 2015. income since late 2012 has undoubtedly contributed to increased consumer confidence over that time, while personal consumption expenditures per capita on food have § Increasing disposable

120

220

Food Manufacturing Beverage Manufacturing

100

200

80

180

60

40

160

20

Source: US Bureau of Labor Statistics (BLS)

Source: The Conference Board

140

0

Disposable Personal Income Per Capita

Personal Consumption Expenditures Per Capita on Food

$40,000

$2,700

$38,000

$2,600

$36,000

$34,000

$2,500

$32,000

remained relatively rangebound ($2,500- $2.600) since the Great Recession.

Source: US Bureau of Economic Analysis (BEA)

Source: US Bureau of Economic Analysis (BEA)

$2,400

$30,000

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Food & Beverage Industry Sector: 2016 Update

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