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U.S. and Canada volumes were down 4.7 percent in the third quarter, which the company partly blamed on strong Anheuser-Busch growth a year ago and lower sales to retailers. Western Europe beer volumes slipped 1.2 percent, down more sharply by 7.1 percent in Germany. However the company grew volumes 3.7 percent in Britain thanks to a branding push that helped turn around Stella Artois, whose image was damaged by being linked to binge drinking. AB InBev usually relies on stronger growth in emerging nations to outweigh lower European and North American sales
-- well-established markets where customers have turned from beer to wine and spirits. But apart from Brazil, where volumes grew 12.3 percent, AB InBev saw volumes fall in most developing markets. They were down 16.8 percent in central and eastern Europe
-- especially Russia and Ukraine where drinkers turned to cheaper beer. Volumes fell 3.2 percent in Asia and 5.6 percent in Argentina and Chile.
[Associated
Press;
Copyright 2009 The Associated Press. All rights reserved. This
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