Commodities Economic Outlook January 2019

Commodities: Economic Outlook Commodities

January 16, 2019

Global commodity prices fall in December



Global commodity prices fell for the second consecutive month in December. Global prices declined 1.6% in month-on-month terms, although less severely than November’s 2.9% drop.


December’s fall masked uneven developments across commodity sectors. Energy prices continued to tank due to markedly lower oil prices, while base metal prices also declined on lower prices for key commodities such as aluminium, copper and nickel. In contrast, precious metal prices rose, as did agricultural prices—largely due to higher prices for corn, soybeans and wheat.


FocusEconomics Consensus Forecast panelists surveyed this month expect global commodity prices to increase 6.5% in Q4 2019 from the same period in 2018 (previous edition: +5.6% year-on-year), thanks to higher prices for all commodity groups. FocusEconomics panelists expect commodity prices to rise 3.2% in annual terms from Q4 2019 to Q4 2020.

Sample Report

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

Download




Commodities Economic News

  • 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.

    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