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Metals industry executives gloomier than peers: PwC survey
February 09, 2012 - 02:48 GMT
Location:
New York
KEYWORDS:
PwC
,
CEO survey
,
ceo sentiment survey
,
metals outlook
,
Jim Forbes
A survey based on interviews with 40 metals business leaders in 20 countries shows executives at the top of the international metals sector are more worried than their counterparts in other market segments about an overall decline in the global economy and decidedly more pessimistic when it comes to the outlook for their own companies.
According to the survey, some 58 percent of chief executive officers in the metals industry expect the global economy to decline over the next 12 months, compared with 48 percent of the overall respondents.
"They’re also more pessimistic about the outlook for their own companies," Forbes noted. "(Some) 30 percent of metals CEOs are not very confident of being able to generate higher revenues over the next 12 months, which is markedly more than the overall average of 12 percent."
The results of the survey, which was issued Wednesday in conjunction with the release of PwC’s 15th annual Global CEO Survey, also identified three key economic threats—inflation, exchange rate...
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Euromoney Institutional Investor PLC.
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