Category: Service Industries
Service Industries market research reports by Oxford Economics
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Industry - Country Industry Forecasts - United Kingdom
Industry - Country Industry Forecasts - United Kingdom Industrial production had been broadly flat since late-2020, and it remains 4.5% below its pre-pandemic peak in March 2019. Overall, industrial production is expected to expand 2% in 2022 before slowing to 0.6% in 2023. ... Read More
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Industry - Country Industry Forecasts - Italy
Industry - Country Industry Forecasts - Italy Industrial production grew 1.2% in Q2 2022, it but ended the quarter with a large ontraction in June. Growth resumed in July, but it remains below its average in Q2. ... Read More
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Industry - Country Industry Forecasts - Australia
Industry - Country Industry Forecasts - Australia Industrial production (manufacturing, extraction and utilities) is forecast to lag economic growth in 2022, increasing by 0.9%, picking up to 1.7% growth in 2023. ... Read More
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Industry - Country Industry Forecasts - Eurozone
Industry - Country Industry Forecasts - Eurozone Whilst European gas prices have fallen from the August peak and supply chain bottlenecks have seen improvements in recent months, we forecast that a eurozone industrial recession is currently underway, with industrial production output contractions fo ... Read More
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Industry - Country Industry Forecasts - China
Industry - Country Industry Forecasts - China China: We have again cut our 2022 growth forecast in China— a mildly stronger-than-expected Q3 was overshadowed by the Q4 surge in Covid cases and lockdown restrictions, which is expected to lead to a very weak quarter. ... Read More
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Industry - Country Industry Forecasts - Japan
Industry - Country Industry Forecasts - Japan Industrial production is expected to stagnate in 2022 before picking up to 3.4% in 2023. Pandemic restrictions have mostly been removed, underpinning an improvement in domestic demand in Q2. Lockdowns in China dragged down exports, although exports to Ch ... Read More
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Industry - Country Industry Forecasts - Germany
Industry - Country Industry Forecasts - Germany Industrial activity fell 0.7% on the quarter in Q2 2022, and it continued to decline in July. While the supply-side pressures on the economy are be easing, rocketing gas prices are likely to weigh on German industry through the winter. We forecast a 0. ... Read More
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Analysis by Region - North America - US
Analysis by Region - North America - US Treasury yields were lower this past week, and the curve was steeper. The 3-year yield was more than 20bps lower as of early Friday afternoon, leading the gains as the reaction to the week's lower-than-expected inflation data outweighed the hawkish tone ou ... Read More
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Macro - Weekly Briefings - US
Macro - Weekly Briefings - US The Fed told us this week that, while it slowed the pace of rate hikes, it will continue to raise rates until it is confident inflation is returning to its 2% target. Though the Fed is still aiming for a soft landing, their projections tell a different story. In fact, t ... Read More
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Macro - Weekly Briefings - Emerging Markets
Macro - Weekly Briefings - Emerging Markets In a tough global environment, we expect our below consensus call on advanced economy growth will push growth in emerging markets (EMs) well below trend, however we expect them to outperform AEs and that EM fixed income assets will do well as inflation dec ... Read More
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Macro - Weekly Briefings - United Kingdom
Macro - Weekly Briefings - United Kingdom The week's data offered further evidence that the UK economy is drifting into recession, with the impact of very high inflation on household spending power the key cause. But there are now signs that soft demand is beginning to weigh on firms' pricin ... Read More
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Macro - Weekly Briefings - United Kingdom
Macro - Weekly Briefings - United Kingdom Falling mortgage approvals and house prices confirm that a UK housing market correction is well underway. But with swap rates well below the peaks reached after September's mini-Budget, and those ... Read More
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Macro - Weekly Briefings - Emerging Markets
Macro - Weekly Briefings - Emerging Markets We expect the five biggest economies in Latin America – Argentina, Brazil, Chile, Colombia, and Mexico – to enter a synchronized but mild recession next year. The region is facing a triple whammy o ... Read More
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Macro - Country Economic Forecasts - Israel
Macro - Country Economic Forecasts - Israel We have raised our GDP growth forecast for Israel to 6% from 5.5% in 2022 reflecting robust Q3 economic growth of 0.5% q/q that was led by strong capital investment and government consumption. Whil ... Read More
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Analysis by Region - Emerging Markets - Poland
Analysis by Region - Emerging Markets - Poland Poland's economy grew 1% q/q (4.5% y/y) in Q3, rebounding from 2.3% q/q contraction in Q2. The outturn almost matched our 0.9% q/q forecast, which was above consensus, and confirmed that the ... Read More
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Analysis by Region - Emerging Markets - Zambia
Analysis by Region - Emerging Markets - Zambia We have revised our GDP growth forecast for 2022 to 2.4% from 2.1%, reflecting the impact of a slower-than-expected pickup in inflation and greater kwacha resilience on household expenditure and private sector consumption. That being said, we retain a b ... Read More
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Analysis by Region - Emerging Markets - Dominican Republic
Analysis by Region - Emerging Markets - Dominican Republic Our GDP growth forecast for the Dominican Republic in 2022 is unchanged at 5.2%, close to our estimate for its potential growth rate. However, we nudged down our 2023 forecast by 0.6ppts to 3.8%, because of global headwinds, stemming from mo ... Read More
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Macro - Country Economic Forecasts - Cuba
Macro - Country Economic Forecasts - Cuba Cuba's weak performance amid ongoing sanctions, repeated coronavirus waves, protests, and an attempt toward monetary normalization, has been hit by further headwinds. These include energy shortages, unofficial inflation running on triple digits, and a hu ... Read More
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Macro - Weekly Briefings - US
Macro - Weekly Briefings - US The economy is off to a better than anticipated start this quarter and we will likely be revising higher our forecast for Q4 GDP and, if the momentum continues, may need to delay the start of the recession in our forecast until Q2 of 2023. New data on retail sales were ... Read More
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Analysis by Region - Emerging Markets - Bahamas
Analysis by Region - Emerging Markets - Bahamas The Bahamas continues to rebound from the coronavirus pandemic with strong growth of 7.7% expected for 2022. Our forecast reflects a recovery in tourism and foreign direct investment, as well as a 33% jump in exports this year. Unemployment continues t ... Read More
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Macro - +I1+A2:A67+A2:A68+A2:A67
Macro - +I1+A2:A67+A2:A68+A2:A67 This week's preliminary GDP estimate delivered a rare piece of good news for the UK economy, with a q/q fall of 0.2% being much smaller than expected. The upside surprise reflected chunky upward revisions to July and August, which more than offset the drag from S ... Read More
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Macro - Weekly Briefings - Emerging Markets
Macro - Weekly Briefings - Emerging Markets The outlook for emerging markets (EMs) remains more positive than for advanced economies (AEs). However, growth challenges are building due to the downturn in external demand, global interest rate hikes (weighing on EM currencies and policy rates), weak re ... Read More
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Macro - Country Economic Forecasts - Montenegro
Macro - Country Economic Forecasts - Montenegro We have downgraded our GDP growth forecast for Montenegro by 0.3ppts to 3.6% in 2022 and by 0.3ppts to 4% in 2023. The downgrade reflects growing inflationary pressures and recent political instability. Russia's invasion of Ukraine has continued to ... Read More
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Macro - Country Economic Forecasts - Kosovo
Macro - Country Economic Forecasts - Kosovo We have lowered our GDP growth forecasts for Kosovo by 0.3ppts to 3.1% in 2022 and by 0.1ppt to 3.5% in 2023. The Russia-Ukraine war has continued to fuel inflation, further eroding the purchasing power of many businesses and consumers. ... Read More
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Analysis by Region - Emerging Markets - Ethiopia
Analysis by Region - Emerging Markets - Ethiopia At 3.8%, our estimate for 2021/22 GDP growth falls well below the consensus. The soft growth estimate reflects our concerns that, although growth in monetary aggregates hinted at a pick-up in domestic demand, household consumption softened in the face ... Read More
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