Category: Manufacturing & Construction
Manufacturing & Construction market research reports by Oxford Economics
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Macro - Country Economic Forecasts - Lebanon
We’ve become more optimistic that Lebanon's economy will return to expansion this year and have raised our 2025 GDP growth forecast by 0.6ppts to 1.4%. The election of Joseph Aoun as the new president in January and the formation of a new government after nearly three years under an interim admi ... Read More
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Industry - Country Industry Forecasts - South Korea
South Korean industrial growth is forecast to grow 2% this year. The electronics and high-tech sector will be the principal driver of industrial growth, underscored by a strong export market for Korean electronics. ... Read More
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Industry - Country Industry Forecasts - France
While the overall trend of industrial production has remained relatively flat since the initial recovery from the Covid-19 pandemic, we expect this year to see a broad decline in industrial output this year. GDP growth forecast has also been lowered to 0.5% for 2025 as global trade uncertainty weigh ... Read More
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Industry - Country Industry Forecasts - Canada
We now expect industrial value-added output in Canada to contract by 1.5% in 2025. The US-Canada trade war is likely to plunge Canada’s economy into a deep recession that will continue into 2026. We expect a 25% tariff on nearly all imports of goods from Canada to take effect in April. ... Read More
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Macro - Weekly Briefings - Eurozone
In a historic move, both houses of the German parliament voted in favour of reforming the country's constitutional debt brake and enacting a large fiscal stimulus. It's hard to overstate its significance. A long-running problem in the Eurozone has been insufficient demand with only Germany h ... Read More
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Analysis by Region - Asia Pacific - South Korea
We've nudged down our 2025 GDP growth forecast for South Korea by 0.3ppts to 1.3% y/y. High-frequency indicators haven't bounced back as much as we had expected after the earlier Lunar New Year season. By component, we mainly revised real exports and investment downward. We expect Q1 growth ... Read More
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Industry - Global Industry Forecasts - Chemicals
Our global outlook for the sector remains positive as we expect production to expand 2.7% in 2025 and 2.7% in 2026. Gas prices are stabilising and destocking has run its course which is easing pressure off producers. However, we expect trade frictions from Trump's tariffs to weigh on the sector ... Read More
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Macro - Weekly Briefings - Eurozone
Strong Sentix results suggest investors support European and German plans to increase defence and infrastructure spending significantly. Germany's fiscal 'bazooka' needs a deal with the Greens to pass a key vote. We think that can still be reached, but it will require quick progress. ... Read More
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Macro - Country Economic Forecasts - United States
We cut our 2025 GDP growth forecast for the US by 0.4ppts to 2% to reflect the weaker start to the year, adjustments to our tariff assumptions, and the relentless policy uncertainty. We raised our forecast for the unemployment rate due to the large reduction in federal employment. ... Read More
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Analysis by Region - Emerging Markets - Nigeria
Nigeria’s fortunes appear to be turning around. In the final quarter of 2024, seasonally adjusted real GDP growth reached 4.4% y/y, the highest growth rate since Q3 2021 (4.5% y/y). The non-oil economy drove the national growth increase, while the oil sector expanded at a slower pace. We remain caut ... Read More
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Macro - Weekly Briefings - Eurozone
Two events this week could result in a significant shift in Europe's fiscal policy. First, European Commission President Ursula von der Leyen on Tuesday announced the 'ReArm Europe' plan, aimed at increasing EU security spending. Second, the two German parties that will very likely form ... Read More
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Macro - Weekly Briefings - Eurozone
Flash PMIs for February showed a divergence between Germany, where activity improved, and France, which fell deeper into contraction territory. The Eurozone composite PMI was unchanged – near stagnation. We revised down our forecasts for industrial production, as Europe finds itself squeezed between ... Read More
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Macro - Country Economic Forecasts - Oman
We forecast Oman's GDP growth at 2.2% for this year, higher than the 1.5% estimate for 2024. In our 2025 growth outlook, we balance the delayed return to growth in the energy sector with a steady expansion of non-energy output, which we project at 3.0% (up from 2.8% previously). We think activit ... Read More
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Analysis by Region - Emerging Markets - Nigeria
We are cautiously optimistic that Nigeria will enjoy a more favourable macroeconomic climate this year. Real GDP growth is projected to increase marginally to 3.1% this year from an estimated 3.0% in 2024 while remaining relatively flat over the medium term. The non-oil economy will be a growth driv ... Read More
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Macro - Weekly Briefings - Eurozone
Macro - Weekly Briefings - Eurozone Data releases this week show that eurozone momentum remains weak. The October composite PMI is still in contractionary territory, though marginally. France's composite PMI deteriorated over the month, whereas Germany posted a gain for the first time since May. ... Read More
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Macro - Weekly Briefings - Eurozone
Macro - Weekly Briefings - Eurozone Despite a small respite from positive German industrial production numbers in August, most economic indicators in Europe continue to point to a persistent lack of momentum. Near-term prospects remain muted, as Europe's largest economy remains mired in a slump. ... Read More
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Macro - Weekly Briefings - Eurozone
Macro - Weekly Briefings - Eurozone The eurozone's disinflation process reached an important milestone this week as inflation dipped below 2% for the first time in over three years. The details reinforced indications of a soft inflation print, and significantly, a quick cooling in services infla ... Read More
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Macro - Weekly Briefings - Eurozone
Macro - Weekly Briefings - Eurozone In a week of few major data releases, the fall in the Sentix index for a third consecutive month in September sounded another downbeat note for the near-term outlook in the eurozone. The fall is particularly large in Germany, where sentiment has fallen to levels n ... Read More
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Macro - Weekly Briefings - Eurozone
Macro - Weekly Briefings - Eurozone We think this week's data releases cement the case for the ECB to cut rates in September. Key among them is today's flash inflation for August, which came in at 2.2%, adding to the large drop in negotiated wages from last week. Together with recent communi ... Read More
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Macro - Weekly Briefings - Eurozone
Macro - Weekly Briefings - Eurozone Flash PMIs improved over the month in August, stopping the series of subdued surveys published recently. But this was primarily due to the impact of the Paris Olympics on the French services PMI, which reached its highest level in more than two years. ... Read More
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Macro - Weekly Briefings - Eurozone
Macro - Weekly Briefings - Eurozone Survey data continue to paint the disappointing picture that eurozone sentiment and activity growth are deteriorating. A second consecutive monthly fall left the Sentix measure at a seven-month low in August. The final PMIs for July still suggest eurozone growth n ... Read More
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Macro - Weekly Briefings - Eurozone
Macro - Weekly Briefings - Eurozone This week's flash PMIs provided more evidence that the eurozone recovery ran out of steam before it began. The eurozone composite PMI sunk in July to a level consistent with stagnation and a contraction in Germany and France. This was reinforced by national se ... Read More
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Macro - Weekly Briefings - Eurozone
Macro - Weekly Briefings - Eurozone Disappointing data releases this week show that while the eurozone economy continues to grow, the path to a stronger recovery will be bumpy. Both the Economic Sentiment Indicator and the ifo index fell in June, highlighting the still fragile nature of the budding ... Read More
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Industry - Global Industry Forecasts - Construction
Industry - Global Industry Forecasts - Construction Global construction output is expected to rise 2.9% in gross value-added terms in 2024, slightly weaker than the 3.7% growth in 2023. Growth in advanced economies continues to lag emerging markets in 2024 but the difference between the two has narr ... Read More
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Industry - Global Industry Forecasts - Electronics & Computers
Industry - Global Industry Forecasts - Electronics & Computers Our outlook for global electronics production is broadly unchanged from last quarter in both 2024 and 2025. On a country basis, growth in 2024 has been revised up in the US, South Korea and Taiwan and slightly in Japan, offset by downwar ... Read More
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