Manufacturing, oil and mining are impacting the global wire & cable industryPosted On: 18-05-2016 By: Katherine Eveland
We recently ran our popular bi-annual Data Service webinar and wanted to share some key trends affecting the global wire & cable industry discussed in the presentation and the recording. Below are 5 key points for global, European, South American, Asian, and African markets.
- The poor outlook for mining and low oil prices are weighing on the growth for the global economy.
- In Europe, western countries such as Germany, France, Sweden, and Norway have the weakest wire & cable demand due to low raw material prices.
- Due to the new leadership of Mauricio Macri in Brazil, the IMF has a more positive outlook for demand compared to low domestic demand of other oil dependent large South American economies.
- Japan’s manufacturing output has fallen due to decreases in demand from China
- Demand in Nigeria, despite weaker capital investment, is expected to grow with an increased government budget by US$5 billion for infrastructure developments up to 2020.
Watch the full webinar to get the full picture of the current wire & cable market with continued or extended analysis, on demand, growth, and consumptions for other countries and regions across the globe.
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