Trade sector insights

Solid growth rates in 2025 and 2026, but looming trade disputes cast a shadow over the future

Ongoing recovery, with an uneven outlook among regions

Tariffs and related economic uncertainty weigh on commercial construction investment

The cost of materials, labour shortages and pressures to reduce carbon emissions are all issues for the construction industry in various markets.

Tariffs and growing protectionism could weigh on household spending

A temporary de-escalation in the US-China tariff dispute will support global electronics growth

The energy mix is gradually moving away from fossil fuels to renewables

Find out more about our what our economists' predictions are for the energy producers over the coming months, particularly in the face of the clean energy transition

In some markets the indirect impact of tariffs could dampen higher food spending

Production growth and decreasing food prices, but downside risks remain

Tariffs and related uncertainty causing a large negative impact

Challenges currently impacting the global metals and steel industry include oversupply, clean energy transition with the increasing demand for green steel, and US tariffs

Pharmaceuticals businesses throughout the world are reviewing their operational and trading strategies in light of the latest US tariff announcements

Find out more about our trade sector experts' views on the pharmaceuticals industry for 2025 and why the industry remains robust despite global economic uncertainty

Emerging markets and new products drive growth, but tariff threats loom

Solid sector growth expected, but US tariffs cast a shadow

Rising manufacturing production and consumer demand drive transportation and logistics growth