Global Industry Forecasts > Quarterly Industry Forecasts > Aerospace

Despite full order books and the raised production schedulesannounced by both Airbus and Boeing, value-added data onaerospace output in the early months of 2014 continued todisappoint. Indeed, global production contracted in the firstquarter of the year. From this disappointingly low base, asignificant rebound is forecast but, nonetheless, the rise in outputexpected for the year as a whole has been cut again to 5¼%.Ground is likely to be made up in 2015, when an increase inglobal aerospace production of nearly 8% is now forecast.