Category: Heavy Industry
Heavy Industry market research reports by Oxford Economics
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Industry - Monthly Industry Briefings - Motor Vehicles
Industry - Monthly Industry Briefings - Motor Vehicles The outlook for global industrial output remains fairly subdued this year, with preliminary forecasts reporting growth of 3.5%, slightly down on April’s interim update. Soaring commodity prices alongside contractionary monetary policy are set to ... Read More
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Industry - Monthly Industry Briefings - Aerospace
Industry - Monthly Industry Briefings - Aerospace The outlook for global industrial output remains fairly subdued this year, with preliminary forecasts reporting growth of 3.5%, slightly down on April’s interim update. Soaring commodity prices alongside contractionary monetary policy are set to be k ... Read More
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Industry - Monthly Industry Briefings - Food, beverages & other consumer goods
Industry - Monthly Industry Briefings - Food, beverages & other consumer goods The outlook for global industrial output remains fairly subdued this year, with preliminary forecasts reporting growth of 3.5%, slightly down on April’s interim update. Soaring commodity prices alongside contractionary mo ... Read More
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Macro - Weekly Briefings - United Kingdom
Macro - Weekly Briefings - United Kingdom A £15bn package of fiscal aid to households will ease, if not eliminate, cost of living pressures. It’s still unclear what effect a more generous bills rebate will have on official inflation, but the targeted nature of the new support means any indirect ... Read More
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Macro - Country Economic Forecasts - Netherlands
Macro - Country Economic Forecasts - Netherlands The Dutch economy started 2022 a bit weaker than we expected, with GDP stagnating in Q1. As a result of this and the renewed supply-chain disruptions from the lockdowns in China, we have lowered our GDP growth forecast by 0.1ppt this year to 3.1%, but ... Read More
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Analysis by Region - Emerging Markets - Guyana
Analysis by Region - Emerging Markets - Guyana We expect new oil discoveries will continue to drive Guyana's economic expansion and forecast GDP to grow by 48.7% in 2022 following a 19.9% rise in 2021. ExxonMobil, the largest operator in offshore Guyana, made three new oil discoveries this month ... Read More
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Macro - Country Economic Forecasts - United Arab Emirates
Macro - Country Economic Forecasts - United Arab Emirates The UAE began a 40-day mourning period last week following the death of its president, Sheikh Khalifa bin Zayed al-Nahyan, who was instrumental in the economic transformation of the UAE. His successor, Sheikh Mohamed bin Zayed Al Nahyan, has ... Read More
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Macro - Country Economic Forecasts - United Kingdom
Macro - Country Economic Forecasts - United Kingdom We've become gloomier about UK growth prospects, leading us to cut our forecasts for 2022 and 2023 GDP growth by 0.2ppts each to 3.6% and 1.4%, respectively. While inflation has probably peaked, renewed supply-chain disruptions and a weaker pou ... Read More
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Macro - Country Economic Forecasts - Romania
Macro - Country Economic Forecasts - Romania Flash estimates indicated Romania's Q1 2022 GDP grew 5.2% q/q, significantly better than expected. However, high-frequency data do not point to a sharp acceleration in GDP growth, with industry advancing only 2.5% q/q and retail sales growing by 0.8%. ... Read More
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Macro - Country Economic Forecasts - Ireland
Macro - Country Economic Forecasts - Ireland Irish inflation reached heights not seen in decades, as consumer prices rose 7% in April. But despite the resulting squeeze on consumers' spending power and another sharp drop in sentiment, survey data and other evidence point to an economy that is be ... Read More
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Analysis by Region - Latin America - Peru
Analysis by Region - Latin America - Peru We have cut our 2022 GDP growth forecast for Peru by 0.1ppt to 2.7% as early data suggest output dropped by 0.1% in Q1 2022. A similar performance is expected in Q2 2022 due to a three-week truckers' strike that triggered disruptions and led to a brief l ... Read More
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Analysis by Region - Emerging Markets - Nigeria
Analysis by Region - Emerging Markets - Nigeria While Nigeria is one of the few countries that is expected to financially benefit from the war between Russia and Ukraine, it has not come off scot-free from the conflict. Higher fuel prices are pressuring households, prompting the government to redire ... Read More
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Macro - Country Economic Forecasts - Portugal
Macro - Country Economic Forecasts - Portugal We have raised our 2022 GDP growth forecast for Portugal to 6.9% from 4.8% last month. This reflects the huge Q1 GDP upside surprise. GDP rose 2.6% q/q, while we had pencilled in just a 0.4% gain to the start of the year. This builds on last year's s ... Read More
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Analysis by Region - Emerging Markets - Zambia
Analysis by Region - Emerging Markets - Zambia The passthrough effects of the Russia-Ukraine war on Zambia should transmit primarily through the terms-of-trade mechanism, considering the limited direct trade ties between the Southern African nation and the Black Sea countries. The energy price disru ... Read More
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Macro - Country Economic Forecasts - Kuwait
Macro - Country Economic Forecasts - Kuwait We continue to see non-oil sector growth of 4.7% this year, after increasing by 3.1% in 2021, propelled by high consumer spending and robust real estate sales. Surging oil prices and increasing oil production are also helping economic growth. But there are ... Read More
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Industry - Commodity Price Forecasts - Commodity Price Forecasts
Industry - Commodity Price Forecasts - Commodity Price Forecasts Geopolitical tensions and supply concerns continue to support to commodity prices, especially energy. However, demand headwinds are gathering pace. High energy prices are taking their toll on economic activity globally. In China, indus ... Read More
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Industry - Monthly Industry Briefings - Construction
Industry - Monthly Industry Briefings - Construction To account for the ongoing war in Ukraine and sanctions imposed on Russia, we have updated our Global Industry forecasts on an interim basis. Our global growth projections have been relatively unchanged; however, the war will provide multiple disr ... Read More
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Industry - Monthly Industry Briefings - Engineering and metal goods
Industry - Monthly Industry Briefings - Engineering and metal goods To account for the ongoing war in Ukraine and sanctions imposed on Russia, we have updated our Global Industry forecasts on an interim basis. Our global growth projections have been relatively unchanged; however, the war will provid ... Read More
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Analysis by Region - Europe - Russia
Analysis by Region - Europe - Russia We have maintained our GDP forecasts of a 10.9% contraction in 2022 and a 3.3% decline in 2023. While GDP is estimated to have grown by 3.7% y/y in Q1, this mainly reflects buoyant growth in January-February, before Russia's invasion of Ukraine. Having alread ... Read More
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Macro - Country Economic Forecasts - France
Macro - Country Economic Forecasts - France The invasion of Ukraine by Russia continues to dominate France's outlook. While the direct impact on the French economy will likely be limited given the modest weight of Russia and Ukraine on France’s exports and imports, the real pain will be felt in ... Read More
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Analysis by Region - Africa - Nigeria
Analysis by Region - Africa - Nigeria While the war between Russia and Ukraine has increased international uncertainty, the Nigerian economy remains undeterred. The non-oil economy's strong performance persisted in the first quarter of the year, as the PMI moderated only slightly to 55.0 in Q1 2 ... Read More
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Macro - Country Economic Forecasts - Norway
Macro - Country Economic Forecasts - Norway Our 2022 mainland GDP growth forecast remains unchanged at 3.6%, but a stronger-than-expected impact from the war in Ukraine on household consumption represents the main downside risk to our outlook. Otherwise, growth prospects remain resolute. An incredib ... Read More
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Macro - Country Economic Forecasts - Spain
Macro - Country Economic Forecasts - Spain Spain's 2022 outlook continues to be impacted by the war in Ukraine. Soaring energy prices are pushing inflation higher, eroding real income, while confidence is dramatically down. Thus, we expect Spanish GDP to grow 4.8% this year (down from our previo ... Read More
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Analysis by Region - North America
Analysis by Region - North America We expect GDP growth slowed sharply in Q1, though the underwhelming performance reflects a slower inventory build and weaker exports. While we believe the economy will prove resilient to rising headwinds from higher inflation and a more aggressive Fed tightening cy ... Read More
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Macro - Country Economic Forecasts - Indonesia
Macro - Country Economic Forecasts - Indonesia We have maintained our Indonesia 2022-2023 GDP growth forecasts at 5.7% following downgrades in February and March. Domestic prices are rising in line with our expectations, with a partial feed through of higher global energy and food prices. As mobilit ... Read More