Industrial Goods & Services

Industrial Goods & Services

In recent years, unprecedented technological advancements as well as the rapid globalization of industry and expansion of manufacturing have led to the development of ever more efficient worldwide supply chains. As a result of this rapidly changing business landscape, Industrial Goods & Services firms competing on a international scale are confronted with an increasingly crowded and competitive global market.

To beat the competition, industrial companies must be aware of global macroeconomic trends, especially those that may impact private consumption. Within a context of heightened global uncertainty, accurate forecasting of macroeconomic trends across countries and regions is therefore essential to an industrial firm’s competitiveness.

Covering 127 countries and 33 key commodities, the theory of the wisdom of the crowds allows FocusEconomics to create one of the most accurate forecasts on the market, consistently more accurate than a singlesource forecast. Our network of over 900 analysts that participate in the Consensus Forecast reports consists of both forecasters working on a global scale and local forecasters on the ground in the countries and regions we cover, which can provide a unique and many times more reliable perspective.

Our superior data is ideal for benchmarking, internal and external reporting, and budget forecasting. In addition, our reports contain expertly-written analysis that puts the data into context, allowing economic experts and non-experts alike to grasp an understanding of what the forecasts mean for them and for the company in the coming days, months or even years.

Photo Credit: Industry” by Wenjie, Zhang | A Certain Slant of Light is licensed under CC BY 2.0

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