Global Industry Forecasts - Quarterly Industry Forecasts - Engineering And Metal Goods
The engineering and metal goods sector faces multiple challenges, ranging from weaker global trade, a slowdown in China, protectionist policies and continuing Brexit uncertainty. We expect output to weaken in 2019 to 0.6%, but improve to 1.4% in 2020, as Japan and India rebound and the Eurozone starts to recover. It is important to note as well, that the improvement next year is largely going to be concentrated in replacements rather than additions to production capacity.
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