Commodities Economic Outlook December 2018

Commodities: Economic Outlook Commodities

December 12, 2018

Global commodity prices decline in November

Global commodity prices resumed their downward trend in November after rising in October for the first time in five months. Global prices fell 2.8% in November, contrasting October’s 1.9% increase.

November’s drop masked uneven developments across commodity sectors. Energy prices tanked due to markedly lower oil prices, although natural gas prices surged. Base metals also followed energy prices lower on a broad-based price decline across most commodities, while precious metals edged up on a continued rise in palladium prices. Agricultural prices rose somewhat in November, largely due to higher prices for corn, soybeans and wheat.

FocusEconomics Consensus Forecast panelists surveyed this month expect global commodity prices to increase 5.6% in Q4 2019 from the same period in 2018 (previous edition: +3.1% year-on-year), thanks to higher prices for base metals, precious metals and agricultural commodities. The same commodity groups are likely to continue boosting global commodity prices further ahead, with FocusEconomics panelists expecting commodity prices to rise 2.5% in annual terms from Q4 2019 to Q4 2020.


For report pricing and subscription information, contact us.

Sample Report

Looking for forecasts related to in Commodities? Download a sample report now.


Commodities Economic News

  • Commodities: Economic Outlook Commodities

    January 16, 2019

    Global commodity prices fall in December Global commodity prices fell for the second consecutive month in December.

    Read more

  • Commodities: 2018

    November 5, 2018

    Global commodity prices recover in October, although uncertainty persists Global commodity prices increased for the first time in five months in October, expanding 1.9% over the previous month in October and contrasting September’s 1.3% decrease.

    Read more

  • Commodities: Economic Outlook Commodities October 2018

    October 7, 2018

    An uncertain global economic outlook continues to weigh on commodity prices Global commodity prices recorded a fourth consecutive monthly decline in September due to slowing growth in China and widespread uncertainties over the evolution of the global economy.

    Read more

  • Commodities: Economic Outlook Commodities September 2018

    September 11, 2018

    Escalating trade tensions and cooling growth in China dampen global commodity prices Global commodity prices recorded the third consecutive drop in August, highlighting the vulnerability of the global economy.

    Read more

More news

Search form