Natixis - Cyclical industrial slowdown in the OECD: The subjective and the objective causes

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Natixis

Patrick Artus

Cyclical industrial slowdown in the OECD: The subjective and the objective causes

Since the start of 2018, there has been a marked cyclical industrial slowdown in OECD countries. We believe this slowdown has both: Subjective causes, wh ich may disappear: concern about the trade war and Brexit; Objective causes, which are actually present: the saturation of needs regarding car purchases (in all regions), the low capacity utilisation rate that is weakening productive investment (United Kingdom, euro zone), the downturn in investment and car sales in China.

26/03/2019 8 EN

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Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

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Analysts

Patrick Artus

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Cyclical industrial slowdown in the OECD: The subjective and the objective causes

RATES Weekly : US shutdown and Dutch pension funds

US September Macro Trip Report

No data is good news

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