Category: Heavy Industry
Heavy Industry market research reports by Oxford Economics
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Industry - Monthly Industry Briefings - Chemicals
Industry - Monthly Industry Briefings - Chemicals After posting a moderate dip in January according to revised production data, US chemicals output grew by 0.8% in February m/m. There were gains in all subsectors except for paints & coatings and agrochemicals. Total chemicals production was 14.6 ... Read More
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Industry - Monthly Industry Briefings - Engineering and metal goods
Industry - Monthly Industry Briefings - Engineering and metal goods US manufacturers are facing historical price rises in Q1 2022, with growth averaging 10% in January and February, significantly higher than the average for 2010-20 which was only 1.5%. This will undoubtedly cause a strain on profita ... Read More
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Industry - Monthly Industry Briefings - Aerospace
Industry - Monthly Industry Briefings - Aerospace The Omicron variant disrupted global air travel at the beginning of this year, with global air passenger volumes, measured by revenue-passenger-kilometres (RPKs), declining by 4.9% on the month in January, though year-on-year comparison remain buoyed ... Read More
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Industry - Monthly Industry Briefings - Construction
Industry - Monthly Industry Briefings - Construction US housing starts recovered in February, expanding by 6.8% on the month after a contraction of 5.5% in January. The multi-unit segment expanded 9.3%, with 2–4-unit structures growing by 430% on the month in February. Meanwhile, the single-unit seg ... Read More
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Industry - Monthly Industry Briefings - Motor Vehicles
Industry - Monthly Industry Briefings - Motor Vehicles The effects of the ongoing Russia-Ukraine war continue to reverberate across the globe in the form of supply chain disruptions and elevated commodity prices. This is in addition to semiconductor shortages and renewed Covid outbreaks in China, wh ... Read More
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Macro - Weekly Briefings - US
Macro - Weekly Briefings - US In their public remarks since last month's FOMC meeting, Fed officials have only become more hawkish. We now look for the Fed to accelerate the pace of rate hikes and to raise the federal funds rate by 50bps each in May and June. We expect a cumulative rate hike of 200b ... Read More
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Industry - Country Industry Forecasts - China
Industry - Country Industry Forecasts - China China’s GDP growth is forecast ease to 4.9% in 2022 but pick up to 5.4% in 2023. To achieve this gain, we expect meaningful and front-loaded policy support from the government, which has emphasized tax cuts and unemployment benefits and has sped up the a ... Read More
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Industry - Country Industry Forecasts - United States
Industry - Country Industry Forecasts - United States US industry is still expanding briskly but now facing a growing list of shifting headwinds. On the macro scale, the Omicron wave has now been largely contained, but higher inflation has remained, greater uncertainty triggered by Russia's inva ... Read More
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Industry - Country Industry Forecasts - United Kingdom
Industry - Country Industry Forecasts - United Kingdom Industrial production had been increasing slowly but steadily since last October thanks to easing supply chain pressures, but remains about 2% below pre-pandemic levels. ... Read More
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Macro - Country Economic Forecasts - Poland
Macro - Country Economic Forecasts - Poland We have cut our near-term GDP growth forecast for Poland as Russia's invasion of Ukraine has hit trade through sanctions and investment sentiment via elevated uncertainty. In addition, higher energy commodity prices will keep inflation elevated for lon ... Read More
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Macro - Country Economic Forecasts - Hungary
Macro - Country Economic Forecasts - Hungary We have cut our near-term GDP growth forecast for Hungary, given the economic fallout from the Russian invasion of Ukraine that will hamper the post-pandemic recovery. Notably, inflation will stay higher for longer, weighing on consumption, a major growth ... Read More
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Macro - Country Economic Forecasts - Norway
Macro - Country Economic Forecasts - Norway The fallout from the Russia-Ukraine conflict and a brief but sharp hit from the Omicron outbreak have prompted us to cut our 2022 mainland GDP growth forecast by 0.7ppts to 3.6%. While government subsidies for household electricity bills are containing ene ... Read More
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Analysis by Region - Asia Pacific - Japan
Analysis by Region - Asia Pacific - Japan We have lowered our 2022 GDP growth forecast to 2.5% from 2.8% to reflect the upward revision to our energy price forecasts after Russia's invasion of Ukraine. Headline CPI is now projected to average 1.6% in 2022, up from 1.3% previously. With few signs ... Read More
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Macro - Country Economic Forecasts - China
Macro - Country Economic Forecasts - China After a better-than-expected start to the year, recent Omicron outbreaks will undermine China's economic recovery, in addition to the ongoing real estate downturn. While China's economy will be less impacted by the Russia-Ukraine war than Europe and ... Read More
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Macro - Country Economic Forecasts - Netherlands
Macro - Country Economic Forecasts - Netherlands We expect Russia's invasion of Ukraine to mean energy prices will stay higher for longer, pushing up Dutch inflation further and weakening growth. We have raised our inflation forecast to 5.7% for this year (from 5.1% last month) and 1.1% in 2023. ... Read More
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Analysis by Region - Europe
Analysis by Region - Europe Ukraine's economy has likely contracted by about 40%-45% in the one month since Russia's invasion compared to pre-crisis levels. Our forecast for the rest of the year depends crucially on how long the fighting will last. Judging by Russia’s stalled offensive, we b ... Read More
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Macro - Weekly Briefings - US
Macro - Weekly Briefings - US Rising and broadening inflation pressures are pushing Fed Chair Pro Tempore Powell and his fellow FOMC members into a more hawkish stance. With inflation set to run even hotter than current readings, policymakers have a difficult job before them as they try to bring dow ... Read More
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Macro - Country Economic Forecasts - Taiwan
Macro - Country Economic Forecasts - Taiwan We expect Russia's invasion of Ukraine will cause commodity prices to stay higher for longer, pushing up inflation further and weakening growth given Taiwan's exposed position in global trade. We have therefore cut our 2022 GDP growth forecast by 0.4ppts t ... Read More
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Macro - Country Economic Forecasts - France
Macro - Country Economic Forecasts - France The Russian invasion of Ukraine and its inevitable economic consequences have prompted significant revisions to our forecasts. We have cut our 2022 GDP growth forecast for France by 0.4pp to 3.0% and by 0.1pp in 2023 to 2.0%. Inflation is now seen at 3.8% ... Read More
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Analysis by Region - Emerging Markets - Congo
Analysis by Region - Emerging Markets - Congo The economy has benefitted from a strong rise in copper and cobalt prices, the country's two main export commodities. The increase in the prices of these commodities has benefitted the extractive sector, while a recovery in the non-extractive sector also ... Read More
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Industry - Global Industry Forecasts - Chemicals
Industry - Global Industry Forecasts - Chemicals Growth in global chemicals output returned to positive levels in Q4, albeit remaining meagre. Weather-related disruptions in the US, Covid caution in China, persistent supply-chain challenges, and high feedstock and energy prices weighed on production ... Read More
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Industry - Country Industry Forecasts - Russia
Industry - Country Industry Forecasts - Russia Industrial production (manufacturing, extraction and utilities) is forecast to decline less than economic growth in 2022, falling by 0.4%, picking up to 0.5% growth in 2023. ... Read More
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Industry - Country Industry Forecasts - Belgium
Industry - Country Industry Forecasts - Belgium Industrial production (manufacturing, extraction and utilities) is forecast to lag economic growth in 2022, falling by 4.6%, picking up to 0.7% decline in 2023. ... Read More
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Industry - Country Industry Forecasts - Finland
Industry - Country Industry Forecasts - Finland Industrial production (manufacturing, extraction and utilities) is forecast to outpace economic growth in 2022, increasing by 2.1%, before easing to 0.9% growth in 2023. ... Read More
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Industry - Country Industry Forecasts - Malta
Industry - Country Industry Forecasts - Malta Industrial production (manufacturing, extraction and utilities) is forecast to lag economic growth in 2022, increasing by 1.8%, picking up to 2.3% growth in 2023. ... Read More
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