Global Industry Forecasts - Quarterly Industry Forecasts - Engineering And Metal Goods
The engineering and metal good sector faces several challenges this year as growth dips to 1.6%. These range from weaker global trade, a slowdown in China, protectionist policies and continuing Brexit uncertainty. Prospects next year are slightly better, with growth rising to 2.4% as Japan and India rebound helping to offset slower growth in China and the US. But the capex environment remains subdued with most downstream sectors favouring necessary replacement over expanding capacity.
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