Carlsberg A/S experienced a decrease in beer volumes during the third quarter due to unfavorable summer weather in Europe and a downturn in consumer spending in China.

Despite increased marketing investments, the Danish brewer saw an organic volume decrease of 0.2%. Analysts had expected volume growth for the quarter, reflecting a broader trend impacting the beverage industry.

The economic slowdown in China has specifically affected consumer behavior, resulting in reduced spending on non-essential goods, including alcoholic beverages.