GENEVA (AP) — Nestle SA, the world’s biggest food and drink company, on Thursday said its sales growth slowed to 11 percent in the first nine months of 2012 as demand eased both in developed economies and emerging markets, where high growth is starting to cool off.

The maker of Nescafe instant coffee, Jenny Craig weight loss products and Haagen-Dazs ice cream said sales rose to 67.6 billion Swiss francs ($73.3 billion) through September, up from 60.9 billion francs in the same period last year.