For each country, we include 85 manufacturing industries, 10 service sectors, and other relevant series, such as car sales and steel production. The model focuses on forecasting output or value added by industry.
Global Industry Model
An integrated model covering 100 sectors across 74 countries and the Eurozone
Oxford Economics’ Global Industry Model provides a framework for accessing our industry forecasts and building your own projections. The model is globally integrated and transparent so that changes are reflected throughout to show the impacts of key macro drivers across 74 countries and 100 sectors. Forecasts are driven by key macroeconomic drivers from our Global Economic Model.
Advanced software allows you to build your own scenarios using a simple menu-driven interface, export data, and view outputs in dashboards, heat maps, or charts, and import data into your own models.
What the service includes
The industry model produces forecasts of value-added output by industry (as well as several other indicators) based on an input-output framework. It is built around quarterly data for 25 countries and annual data for 49 countries from 1980 to 2050.
Historical data and forecasts are updated each quarter, feeding in the latest monthly economic data. An economist reviews industry forecasts from the model to ensure they are consistent with our global assumptions and country projections.
Our economic and industry models are fully integrated which means that scenarios created in the Global Economic Model show the impact to a sector level within the same forecasting framework.
Quickly build scenarios, export data, load predefined scenarios, and present data as charts, heat maps, and dashboards.
We provide in-house training and offer regular seminars for model users.
The Global Industry Databank provides key indicators for a wide array of sectors, such as: - Agriculture, forestry and fisheries - Oil and natural gas extraction - Coal and lignite mining - Other extraction activities - More than 85 manufacturing sectors - Utilities - Construction - More than 10 service sectors
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