About Pöyry > Pöyry as an investment > Market outlook 2014

Market Outlook 2014, Full year result report 2013

The economic and market outlook for 2014 is cautiously optimistic. At the end of 2013 there was improving global growth both in the manufacturing and service sectors. The leading indicators in December showed an expansion in new order volumes backed by improving employment data. This indicates that the rise in economic activity extends into 2014. Global GDP-growth is also projected to increase slightly.

The sector specific outlook remains mixed. In the graphic paper industry, the decline in structural consumption is set to continue. However, in other forest product industry sectors, the outlook is improving.
For energy, and other industrial sectors relevant to Pöyry’s businesses, the long-term economic fundamentals remain solid and investment activity is expected to gradually improve. In Europe the growth remains fragile, delaying economic recovery and investment decisions.

Market review Interim report Q3 2013

Continued economic uncertainty is impacting Pöyry’s energy, industry and infrastructure sectors. Underlying demand  nevertheless remains steady, albeit client decisions are taking longer, leading to delays in procurement of engineering and consulting services. Demand for management consulting services has remained weak with variances across local markets.

Market review Interim report Q2 2013

Continued economic uncertainty is impacting Pöyry’s energy, industry and infrastructure sectors. Underlying demand nevertheless remains steady, albeit client decisions are taking longer, leading to delays in procurement of engineering and consulting services. Demand for management consulting services has remained weak with variances across local markets.

Market review Interim report Q1 2013

Continued economic uncertainty is impacting Pöyry’s energy, industry and infrastructure sectors. Underlying demand nevertheless remains steady, albeit client decisions seem to be taking longer, leading to delays in
procurement of engineering and consulting services. Demand for management consulting services has generally been weak with differences across local markets.

Market Outlook 2013, Full year result report 2012

In the beginning of 2013 the outlook for the US, China and many emerging economies, including Brazil, is improving. The positive development is supported by low interest rates and fiscal and monetary stimulus.
The leading indicators for Europe are stabilizing but the outlook for the first half of 2013 remains challenging. Global economic growth in 2013 is driven by private consumption and services. The investment
outlook is, however, weaker than the overall economic growth, especially in Europe.

In those energy and the industrial sectors that are relevant to Pöyry’s businesses, the long-term economic fundamentals remain solid, however, demand is increasingly geared to emerging markets whereas
investment activity in Europe is slowing down. Economic uncertainty may continue to delay investment decisions. Regulatory uncertainty may additionally impact upon investment decisions in the energy sector.
The number of potential new nuclear investment projects in certain European countries has decreased but on the other hand, there is an increasing need for investments in other power generation technology. Investment activity in energy transmission and distribution is expected to increase.

The general economic development around Pöyry’s key European markets is expected to evolve moderately. The outlook for Latin America and Asia is somewhat more positive. Industrial production in Northern
Europe is expected to improve modestly. Industrial activity in Continental Europe is expected to remain stable, while industrial activity is expected to resume in Brazil and in Thailand.

However, the current macroeconomic environment may unfavourably impact demand for management consulting services especially in Europe and North America as clients may be postponing assignments for
consulting services.

© 2013 Pöyry PLC