Procter & Gamble reported declines in both sales and profits Wednesday, saying challenging geopolitical and economic conditions hit consumer demand. The maker of Tide detergent and Head & Shoulders shampoo reported earnings in its fiscal third-quarter of $2.5 billion, down 8.3 percent. Revenues were $15.6 billion, down 1.0 percent. "The third quarter macro environment was characterised by a slowdown in market growth, continued geopolitical disruptions and foreign exchange challenges," said chief executive David Taylor.

P&G's strongest division as far as revenues was health care, the only division with net sales growth, where results were boosted by strong sales in power toothbrushes and oral products.

Copyright Agence France-Presse, 2017