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

We have significantly revised down our forecast of globalengineering and metal goods production to 1.6% this year,in large part due to a deteriorating China outlook andrespective falls to imports; Japan in particular is sufferingfrom a fall in export demand. This is coupled with slowprogress in the US as the sharp dip in oilfield equipmentinvestment and the strong dollars contractionary impact ontrade continue. Europe, however, is optimistic with stronginvestment and business sentiment driving output growth.