Champagne sales lose some bubbles

There doesn't seem to be much to celebrate these days, what with social unrest, economic doldrums, terrorism and civil war. So, it should come as no surprise the beverage most associated with celebrating is suffering a sales slump.

France's Champagne Vintners' Committee this week announced shipments of Champagne within the country and abroad fell 4.8% in 2008 compared to the previous year.

One consolation may be that the 322,453,852 bottles sold is slightly more than in 2006.

The industry group said in a statement that exports to European Union consumers outside France were down 6.5% per cent in bottle terms, and non-European exports were down 6.2& per cent in 2008. Shipments within France were down 3.6%.