Category: Service Industries
Service Industries market research reports by Oxford Economics
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Industry - Country Industry Forecasts - China
Industry - Country Industry Forecasts - China With a 1.1% q/q expansion of industrial output in Q3 and 6.6% y/y monthly growth in November, industrial output in China is firmly on track to expand by about 4.5% in 2023. We expect a broadly similar pace of annual growth in 2024 as government stimulus ... Read More
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Macro - Weekly Briefings - US
Macro - Weekly Briefings - US The Federal Open Market Committee pivoted from its hawkish stance this week, sending a strong message that rate cuts are done and that concern about the downside risks to the economy from restrictive monetary policy will play a bigger role in policy decisions going forw ... Read More
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Industry - Country Industry Forecasts - Croatia
Industry - Country Industry Forecasts - Croatia Industrial production (manufacturing, extraction and utilities) is forecast to lag economic growth in 2023, increasing by 0.5%, picking up to 1.6% growth in 2024. ... Read More
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Industry - Country Industry Forecasts - Colombia
Industry - Country Industry Forecasts - Colombia Industrial production (manufacturing, extraction and utilities) is forecast to lag economic growth in 2023, falling by 1.7%, picking up to 0.4% growth in 2024. ... Read More
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Industry - Country Industry Forecasts - Kuwait
Industry - Country Industry Forecasts - Kuwait Industrial production (manufacturing, extraction and utilities) is forecast to lag economic growth in 2023, falling by 4.2%, picking up to 0.6% growth in 2024. ... Read More
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Industry - Country Industry Forecasts - Ukraine
Industry - Country Industry Forecasts - Ukraine Industrial production (manufacturing, extraction and utilities) is forecast to outpace economic growth in 2023, increasing by 11.5%, before easing to 11.3% growth in 2024. ... Read More
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Industry - Country Industry Forecasts - Taiwan
Industry - Country Industry Forecasts - Taiwan Industrial production (manufacturing, extraction and utilities) is forecast to lag economic growth in 2023, falling by 8.9%, picking up to 2.1% growth in 2024. ... Read More
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Industry - Country Industry Forecasts - Vietnam
Industry - Country Industry Forecasts - Vietnam Industrial production (manufacturing, extraction and utilities) is forecast to lag economic growth in 2023, increasing by 2.1%, picking up to 4.8% growth in 2024. ... Read More
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Industry - Country Industry Forecasts - Turkey
Industry - Country Industry Forecasts - Turkey Industrial production (manufacturing, extraction and utilities) is forecast to lag economic growth in 2023, increasing by 0.2%, picking up to 1.1% growth in 2024. ... Read More
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Industry - Country Industry Forecasts - Uruguay
Industry - Country Industry Forecasts - Uruguay Industrial production (manufacturing, extraction and utilities) is forecast to outpace economic growth in 2023, increasing by 1.5%, picking up to 3.2% growth in 2024. ... Read More
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Industry - Country Industry Forecasts - Romania
Industry - Country Industry Forecasts - Romania Industrial production (manufacturing, extraction and utilities) is forecast to lag economic growth in 2023, falling by 4.4%, picking up to 2.7% growth in 2024. ... Read More
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Macro - Weekly Briefings - United Kingdom
Macro - Weekly Briefings - United Kingdom The impact of higher interest rates on the UK housing market remained apparent in the latest data on mortgage lending. Though mortgage approvals picked up a little from recent lows, a sustained rebound in housing activity looks unlikely given mortgage afford ... Read More
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Macro - Weekly Briefings - Emerging Markets
Macro - Weekly Briefings - Emerging Markets Emerging market (EM) economic growth exceeded our expectations this year, but the cross-country pattern of GDP upside surprises appears uncorrelated with the historic sensitivity to the US economic cycle. EM growth will slow in 2024 as the global backdrop ... Read More
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Analysis by Region - Asia Pacific
Analysis by Region - Asia Pacific We forecast Papua New Guinea's (PNG) GDP will expand by 6.7% in 2023, a 3.2ppts increase from our previous forecast. Growth will remain strong at 5.8% in 2024, before gradually declining to more stable levels in subsequent years. ... Read More
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Analysis by Region - Europe
Analysis by Region - Europe We've raised our GDP growth forecasts for Turkmenistan by 0.1ppt to 3.1% y/y in 2023 and by 0.5ppts to 2.7% y/y in 2024, as we expect energy prices to rise due to an intensifying Israel-Hamas conflict. ... Read More
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Analysis by Region - Emerging Markets - Lao PDR
Analysis by Region - Emerging Markets - Lao PDR We have postponed our projection for the beginning of Laos's GDP recovery to Q1 2024 and have therefore revised our 2024 GDP growth forecast to 4.6% y/y. Our updated forecast reflects lower household real income due to elevated inflation that is be ... Read More
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Macro - Weekly Briefings - Emerging Markets
Macro - Weekly Briefings - Emerging Markets In our latest monthly forecast, we raised our aggregate 2023 GDP growth forecast for emerging markets (EMs) by 0.1ppt to 4.1%. We raised our 2023 GDP growth forecast for China by 0.1ppt to 5.2% after a slight outperformance in Q3, consistent ... Read More
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Analysis by Region - Emerging Markets - Afghanistan
Analysis by Region - Emerging Markets - Afghanistan We've lowered our 2023 GDP growth forecast for Afghanistan to 1.4% from 1.6% previously, following an 11.8% contraction in 2022. The downgrade reflects the three earthquakes that occurred within a week in mid-October and the Taliban's rule ... Read More
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Macro - Country Economic Forecasts - Venezuela
Macro - Country Economic Forecasts - Venezuela We've raised our assumptions for Venezuelan's 2023 GDP growth to 1.6%, up from 0.8% six months ago. This follows a stunning 12.4% expansion in 2022. Short-term growth momentum has been heavily supported by the oil sector, as output is estimated ... Read More
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Macro - Country Economic Forecasts - Canada
Macro - Country Economic Forecasts - Canada Consumers and businesses are starting to yield to higher interest rates, and their full impact is building. The Canadian economy already slipped into a technical recession in Q2 and Q3 2023 according to preliminary GDP estimates by StatCan. We anticipate s ... Read More
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Analysis by Region - Africa
Analysis by Region - Africa Momentum in economic activity in Uganda remained robust during Q2 2023, mainly supported by the services and industry sectors of the economy. Available data indicates that growth started on a high note in Q3 2023, driven by improvements in exports, loan advancements to th ... Read More
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Analysis by Region - Latin America - Grenada
Analysis by Region - Latin America - Grenada We have raised our 2024 GDP growth forecast for Grenada by 0.3ppts to 4.3%, as supply chain and tourism conditions within the economy have returned to pre-pandemic levels. But we think the pace of economic growth will slow next year from a projected growt ... Read More
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Macro - Country Economic Forecasts - Azerbaijan
Macro - Country Economic Forecasts - Azerbaijan We estimate Azerbaijan's growth rate will slow to 0.9% this year from 4.8% in 2022. The primary reason is the drop in oil production, which was down 8% y/y in H1 and was only partially offset by a 3% increase in gas production. We expect growth of ... Read More
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Analysis by Region - Emerging Markets - Georgia
Analysis by Region - Emerging Markets - Georgia Georgia's economy performed strongly in H1, prompting us to raise our 2023 GDP growth forecast to 6.8% from 3.6% previously. We expect growth to moderate in 2024 but remain solid at 4.1%, modestly down from our previous forecast of 4.4%. Solid fore ... Read More
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Macro - Weekly Briefings - Emerging Markets
Macro - Weekly Briefings - Emerging Markets We project the distribution of long-term economic pain inflicted by Covid will be similar to humans in the sense that those with pre-existing conditions will end up suffering the most. ... Read More
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