Oxford’s Monthly Industry Briefings for February have been released and are available on the website. These reports contain the latest developments for eleven major industries around the globe with short industry briefs provided by Oxford Economics. These two-to-three-page briefs include a short-written summary, output/trend graphs, and an output table.
Excerpts from the reports are highlighted below:
Aerospace:
- Global air travel demand increased 2.6% y/y in June, representing a slowdown from previous months. Oxford Economics notes the slowdown is attributed to disturbances related to military conflict in the Middle East.
Basic Metals:
- Oxford Economics writes the following on the basic metals sector:
- "US secondary copper products—such as wires, pipes, and tubes—are still expected to become more expensive for domestic buyers. While US copper foundries and fabricators may benefit—potentially prompting an increase in secondary production—operating rates at US mines, smelters, and refiners are likely to remain unchanged."
Electronics and Computers:
- According to Oxford Economics, asian electronics production growth picked up mildly following the last few months’ post-frontloading drop. Chinese production has been advancing strongly due to its chip production localization strategy. Elsewhere, European production growth has been tepid, while US production has been growing steadily.
Energy and Mining:
- According to Oxford Economics, US electricity demand remains on a strong upwards trajectory in part due to data centers rapid growth. Power prices are expected to increase 4% in 2025 overall, according to the EIA. More information on the EIA’s recent short-term energy outlook report can be found at this link: https://www.eia.gov/outlooks/steo/.
These reports and more are available to all NFPA members on the member hub. Questions? Contact Cecilia Bart at cbart@nfpa.com or 414-259-2027.