New Country Forecasts from Oxford Economics Available for NFPA Members 

Byline: Sam Diedrich

The quarterly by-country forecasts from Oxford Economics have been updated on NFPA’s member hub. See the latest outlooks for over 60 different countries. Highlights from the latest reports include: 

  • US: “Manufacturing output is expected to contract 0.9% in 2023, driven by a decline in the high-tech goods sector.  In 2024, manufacturing output is forecast at -1.3% growth, driven by a decline in the metal products nec sector.” 
  • Eurozone: “Whilst European gas prices have fallen from their peak and supply chain bottlenecks have eased, we expect industrial production to grow by only 0.9% in 2023 as tighter monetary policy and high inflation subdue consumer demand and reduce the willingness of companies to purchase capital equipment.” 
  • China: “Chinese industrial activity has consistently disappointed so far this year. While Q1 saw growth of 2.9%, activity has been underperforming market expectations. Most of the boost to growth from re-opening has been felt in sectors like retail trade and transportation, and accommodation & food services that have a direct link to the domestic end-consumer.” 

Download these reports and more from Oxford Economics with your NFPA member login: https://nfpahub.com/stats/reports-data/global-market-reports-forecasts/ 

Questions? Contact Sam Diedrich at sdiedrich@nfpa.com or 414-778-3372 

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