Global Industry Forecasts > Quarterly Industry Forecasts > Engineering And Metal Goods

The downside risk of a China slowdown highlighted in the August report has begun to materialise. With China accounting for nearly one-quarter of global business investment, our increasingly pessimistic view on prospects there is expected to have a pronounced impact on the manufacture of machinery and equipment across the globe. On a global basis, .our forecast for this year is essentially unchanged at just under 4½%, but next year has been slashed by more than a percentage point to 3¾%