Category: Manufacturing & Construction
Manufacturing & Construction market research reports by Oxford Economics
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Macro - Weekly Briefings - Eurozone
At the margin, it's possible that the UK government's decision to fund higher defence spending through cuts to the foreign aid budget will provide some extra breathing space against its borrowing rule. But if NATO requires members to raise defence spending to 3% of GDP, a bigger rethink of t ... Read More
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Analysis by Region - Asia Pacific - South Korea
We've downgraded our 2025 GDP growth forecast for South Korea by 0.3ppts to 1.6% y/y. Growth momentum in Q4 2024 stayed soft at 0.1% q/q sa, and consumption is set to recover more gradually than we had anticipated. Loan growth slowed down to a nine-month low in December, too. That said, last mon ... Read More
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Macro - Country Economic Forecasts - Oman
We forecast Oman's GDP growth at 2.2% for this year, higher than the 1.5% estimate for 2024. In our 2025 growth outlook, we balance the delayed return to growth in the energy sector with a steady expansion of non-energy output, which we project at 3.0% (up from 2.8% previously). We think activit ... Read More
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Macro - Country Economic Forecasts - United States
The economy is doing well, but it will remain a bifurcated one. We forecast real GDP in the US will increase by 2.6% this year and 2.7% in 2026, which we think is around the economy’s short-run potential growth rate. We've raised our projection for real consumer spending growth for this year by ... Read More
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Analysis by Region - Emerging Markets - Nigeria
We are cautiously optimistic that Nigeria will enjoy a more favourable macroeconomic climate this year. Real GDP growth is projected to increase marginally to 3.1% this year from an estimated 3.0% in 2024 while remaining relatively flat over the medium term. The non-oil economy will be a growth driv ... Read More
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Macro - Country Economic Forecasts - Lebanon
Macro - Country Economic Forecasts - Lebanon We have kept our 2025 GDP growth forecast for Lebanon at 0.8%. The ceasefire deal signed between Israel and Hezbollah at the end of November has de-escalated the regional conflict. However, the truce remains vulnerable to violations, challenging planned i ... Read More
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Industry - Global Industry Forecasts - Chemicals
Industry - Global Industry Forecasts - Chemicals Our global outlook for the sector remains positive as we expect production to expand 2.9% in 2025 and 3.3% in 2026. Gas prices are stabilising and destocking has run its course which is easing pressure off producers. However, we expect trade frictions ... Read More
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Macro - Weekly Briefings - Eurozone
Macro - Weekly Briefings - Eurozone Data releases this week show that eurozone momentum remains weak. The October composite PMI is still in contractionary territory, though marginally. France's composite PMI deteriorated over the month, whereas Germany posted a gain for the first time since May. ... Read More
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Macro - Weekly Briefings - Eurozone
Macro - Weekly Briefings - Eurozone Despite a small respite from positive German industrial production numbers in August, most economic indicators in Europe continue to point to a persistent lack of momentum. Near-term prospects remain muted, as Europe's largest economy remains mired in a slump. ... Read More
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Macro - Weekly Briefings - Eurozone
Macro - Weekly Briefings - Eurozone The eurozone's disinflation process reached an important milestone this week as inflation dipped below 2% for the first time in over three years. The details reinforced indications of a soft inflation print, and significantly, a quick cooling in services infla ... Read More
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Macro - Weekly Briefings - Eurozone
Macro - Weekly Briefings - Eurozone In a week of few major data releases, the fall in the Sentix index for a third consecutive month in September sounded another downbeat note for the near-term outlook in the eurozone. The fall is particularly large in Germany, where sentiment has fallen to levels n ... Read More
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Macro - Weekly Briefings - Eurozone
Macro - Weekly Briefings - Eurozone We think this week's data releases cement the case for the ECB to cut rates in September. Key among them is today's flash inflation for August, which came in at 2.2%, adding to the large drop in negotiated wages from last week. Together with recent communi ... Read More
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Macro - Weekly Briefings - Eurozone
Macro - Weekly Briefings - Eurozone Flash PMIs improved over the month in August, stopping the series of subdued surveys published recently. But this was primarily due to the impact of the Paris Olympics on the French services PMI, which reached its highest level in more than two years. ... Read More
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Macro - Weekly Briefings - Eurozone
Macro - Weekly Briefings - Eurozone Survey data continue to paint the disappointing picture that eurozone sentiment and activity growth are deteriorating. A second consecutive monthly fall left the Sentix measure at a seven-month low in August. The final PMIs for July still suggest eurozone growth n ... Read More
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Macro - Weekly Briefings - Eurozone
Macro - Weekly Briefings - Eurozone This week's flash PMIs provided more evidence that the eurozone recovery ran out of steam before it began. The eurozone composite PMI sunk in July to a level consistent with stagnation and a contraction in Germany and France. This was reinforced by national se ... Read More
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Macro - Weekly Briefings - Eurozone
Macro - Weekly Briefings - Eurozone Disappointing data releases this week show that while the eurozone economy continues to grow, the path to a stronger recovery will be bumpy. Both the Economic Sentiment Indicator and the ifo index fell in June, highlighting the still fragile nature of the budding ... Read More
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Industry - Country Industry Forecasts - Canada
Industry - Country Industry Forecasts - Canada Canada’s industrial production for Q4 of 2023 expanded by approximately 0.4%. However, overall industrial production contracted by approximately 0.6% in 2023. Our outlook for 2024 is slightly more positive, with output in the sector expected to expand b ... Read More
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Industry - Country Industry Forecasts - France
Industry - Country Industry Forecasts - France Our forecast for 2024 industrial production is largely unchanged since our previous update: we now expect growth of 0.5%. This is just under our forecast for GDP growth over the same time, which currently stands at 0.9%. However, the tepid outlook is be ... Read More
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Industry - Global Industry Forecasts - Construction
Industry - Global Industry Forecasts - Construction Global construction output is expected to rise 2.9% in gross value-added terms in 2024, slightly weaker than the 3.7% growth in 2023. Growth in advanced economies continues to lag emerging markets in 2024 but the difference between the two has narr ... Read More
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Industry - Global Industry Forecasts - Electronics & Computers
Industry - Global Industry Forecasts - Electronics & Computers Our outlook for global electronics production is broadly unchanged from last quarter in both 2024 and 2025. On a country basis, growth in 2024 has been revised up in the US, South Korea and Taiwan and slightly in Japan, offset by downwar ... Read More
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Industry - Global Industry Forecasts - Industrial & building materials
Industry - Global Industry Forecasts - Industrial & building materials Emerging markets will expand 3.4% in 2024, driving global growth, whilst advanced economies will contract 0.5% before bouncing back to 1.8% growth in 2025. The recovery will be driven by the lagged impact of easing policy rates a ... Read More
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Industry - Global Industry Forecasts - Engineering and metal goods
Industry - Global Industry Forecasts - Engineering and metal goods Our forecast for global engineering and metal goods output has come down relative to our last forecast update: we now expect global growth of 1.5%, down from 2.2% previously. While our forecast has edged down for advanced economies t ... Read More
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Industry - Country Industry Forecasts - Switzerland
Industry - Country Industry Forecasts - Switzerland Industrial production (manufacturing, extraction and utilities) is forecast to be broadly in line with economic growth in 2024, increasing by 1.4%, picking up to 3% growth in 2025. ... Read More
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Industry - Country Industry Forecasts - Estonia
Industry - Country Industry Forecasts - Estonia Industrial production (manufacturing, extraction and utilities) is forecast to outpace economic growth in 2024, increasing by 4.7%, picking up to 7.5% growth in 2025. ... Read More
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Analysis by Region - Emerging Markets - Iraq
Analysis by Region - Emerging Markets - Iraq Industrial production (manufacturing, extraction and utilities) is forecast to lag economic growth in 2024, falling by 1%, picking up to 2.6% growth in 2025. ... Read More
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