Pub date: 17 May 2012 Global
Corporate Financing Week provides must-read updates and analysis on global M&A activity, IPOs, privatizations and equity and debt financing strategies, with must-read updates and analysis on all the... Read More
Pub date: 02 May 2012 North America / Canada Business Forecast Report
Core Views The Canadian economy faces major external headwinds from the US, Europe and, increasingly, China. However, Canada will likely avoid falling into recession. Growth drivers will shift away... Read More
Pub date: 02 May 2012 North America / United States Business Forecast Report
Core Views The below-par but sustained US recovery continues, in line with our view that the economy would avoid a double-dip recession but would experience slow and erratic growth. It would probab... Read More
Pub date: 15 Mar 2010 Global Special Report
The report examines the main threats to amicable China-US relations, and outlines three scenarios for the coming decade.... Read More
Pub date: 04 Feb 2010 Global Special Report
EM To Outperform After years of progress on regulatory reform, macroeconomic restructuring and institutional convergence following the painful events of the Asian and Russian c... Read More
Pub date: 14 Feb 2011 Global Special Report
The Challenge Of Rising Commodity Prices A combination of improving economic growth, loose monetary policy, and supply-side considerations from tight commodity markets is boosting consumer prices ... Read More
Pub date: 18 Mar 2011 Global Special Report
A Country In Crisis The Worst Disaster Since World War ll Japanese Prime Minister Naoto Kan has described the March 11 devastating earthquake and its aftermath as the country's worst disaster ... Read More
Pub date: 11 Aug 2011 Global Special Report
Economic growth in the US, Japan and the eurozone is faltering, putting the global economy on the verge of another recession. In this special report, Business Monitor International (BMI) assesses the ... Read More
Pub date: 07 Mar 2012 Global Special Report
BMI View: Poor visibility on global macro prospects suggests that a purely top down approach could be insufficient in unearthing investment opportunities in 2012. In this article, we outline the ... Read More
Pub date: 13 Dec 2011 Global / North America Special Report
BMI examines the outlook for global private consumption over the next 10 years, and picks key emerging market and industry outperformers.... Read More
Pub date: 06 Jul 2011 Global Special Report
Executive Summary Where Next For The World Economy? Risks And Scenarios For The Recovery The risks to the global economy are mounting, following the earthquake and tsunami in Japan in March and... Read More
Pub date: 18 Jan 2011 Global Special Report
The global economic healing process is gaining momentum, and while risks abound as ever, we expect 2011 to herald a broadening and deepening phase of the recovery. Emerging markets are again set to... Read More
Pub date: 02 May 2012 Global Regional Monitor
Coverage includes BMI's Country Risk and Financial Markets team's global outlook, with unrivalled coverage of developed states, as well as key regional and country-by-country stories of emerging state... Read More
Pub date: 12 Apr 2012 North America / Canada Agribusiness Industry Report
BMI View: We forecast steady growth in grains output over the short term in Canada, as we do not believe the recent decision to end the Canadian Wheat Board's monopoly on grains trading will affect ... Read More
Pub date: 30 Mar 2012 North America / Canada Autos Industry Report
BMI's forecast for passenger car sales to end 2011 down by around 2%, largely owing to supply issues for Japanese brands, played out, as did our decision to raise our forecast for light CVs given the... Read More
Pub date: 28 Mar 2012 North America / Canada Commercial Banking Industry Report
The big change to Canadian banking sector data since Q311 has been the shift in accounting standards to International Financial Reporting Standards (IFRS) as of November 2011. This has affected Canad... Read More
Pub date: 02 May 2012 North America / Canada Defence & Security Industry Report
Canada will spend up to US$18.5bn on defence for FY2011/12. Over the long term, the country's defence budget is expected to grow to eventually reach around US$30bn annually by 2027. This budgetary i... Read More
Pub date: 12 Apr 2012 North America / Canada Food & Drink Industry Report
The Canadian growth outlook remains relatively positive. The country's economy grew by 2.4% in real terms in 2011, which was a challenging and volatile year by any measure. We forecast a full-year a... Read More
Pub date: 27 Feb 2012 North America / Canada Freight Transport Industry Report
BMI's outlook for Canada's freight transport sector for 2012 remains broadly positive. Canada's external accounts will continue to be buffeted as a strong dollar pushes up imports, even as global dem... Read More
Pub date: 19 Apr 2012 North America / Canada Information Technology Industry Report
BMI View: Canadian IT spending is expected to reach US$3.5bn in 2012, up 4%, with BMI downwardly revising its forecast due to expectations of a macroeconomic cooling in H112. Government spending will... Read More
Pub date: 12 Apr 2012 North America / Canada Infrastructure Industry Report
BMI View: Canada's construction industry will continue to outperform its developed market peers over the medium term, driven by strong activity across all subsectors of the industry. A combination of... Read More
Pub date: 18 May 2012 North America / Canada Insurance Industry Report
Key Insights And Key Risks Over the last two years, a recurrent theme in BMI's reports on Canada's insurance sector has been its strength in global terms. In November 2011, this strength remains evi... Read More
Pub date: 03 May 2012 North America / Canada Metals Industry Report
While the Canadian metals market is set to be an outperformer, consumption growth will be insufficient to sustain output growth in 2012 with the US market set to determine production, according to BM... Read More
Pub date: 03 May 2012 North America / Canada Mining Industry Report
Canada's mining sector will continue to expand with an eye towards supplying global demand for metals and minerals. Because historical production has focused primarily on serving North American marke... Read More
Pub date: 12 Apr 2012 North America / Canada Oil & Gas Industry Report
BMI View: Oil sands-based liquids supply and shale gas production form the foundation of Canada's energy supply outlook. Conventional sources of crude oil and natural gas output are in decline, with ... Read More
Pub date: 03 Jan 2012 North America / Canada Petrochemicals Industry Report
Despite the more difficult operating environment in 2012, BMIâs latest Canada Petrochemicals Report states that the economy approached its full potential in 2011 and with capacity utilisation being e... Read More
Pub date: 16 Mar 2012 North America / Canada Pharmaceuticals & Healthcare Industry Report
BMI View: With Canada's economy set to weather the external storm, the outlook for the country's pharmaceutical market looks relatively stable. Over the longer-term an ageing population in this alrea... Read More
Pub date: 25 Apr 2012 North America / Canada Power Industry Report
BMI View: A number of factors have prompted us to revise our forecasts for Canada's power sector. As part of a revision of our historical data series, we have now factored in lower generation, consum... Read More
Pub date: 17 Feb 2012 North America / Canada Shipping Industry Report
We are forecasting real GDP growth in Canada of 2.4% in 2012, a downgrade from our previous forecasts of 2.8%. While the economy showed signs of a slowdown in H111 - with real GDP growth estimated to... Read More
Pub date: 23 Apr 2012 North America / Canada Telecommunications Industry Report
Canadian telecommunications market continues to grow in Q411, but at a slower rate than expected. The market added356,000 net additions this quarter, down from 443,000 in Q311. The reason for this dr... Read More
Pub date: 27 Apr 2012 North America / United States Agribusiness Industry Report
BMI View: The vital US grains sector is expected to rebound in the 2012/13 season as soil conditions improve and high prices result in record plantings. The country's livestock sector (particularly b... Read More
Pub date: 20 Apr 2012 North America / United States Autos Industry Report
In line with BMI's view that pent-up demand and more fuel efficient vehicles on offer would enable the industry to better prepare for soaring fuel costs now than in 2008, total light vehicle sales we... Read More
Pub date: 09 Mar 2012 North America / United States Commercial Banking Industry Report
The US commercial banking sector continues to heal slowly, alongside an economic recovery that is weak by historical standards. Total client loans have finally returned to their 2008 peak, and contin... Read More
Pub date: 20 Apr 2012 North America / United States Consumer Electronics Industry Report
The US consumer electronics devices market, defined as the addressable market for computing devices, mobile handsets and AV products, is projected to be worth around US$239.4bn in 2011. This is expec... Read More
Pub date: 04 May 2012 North America / United States Defence & Security Industry Report
Following the withdrawal of US forces from Iraq, which was completed on December 18 2011, the country is now contemplating the eventual withdrawal of its forces from Afghanistan; a process that will ... Read More
Pub date: 19 Apr 2012 North America / United States Food & Drink Industry Report
We expect a slow recovery of the US economy during the current year, on the back of improving employment figures and also strengthening consumer sentiment. We expect real private consumption growth ... Read More
Pub date: 26 Apr 2012 North America / United States Freight Transport Industry Report
We have upgraded our US real GDP growth forecast for 2012 to 2.0% from 1.6%, owing primarily to stronger-than-expected economic activity in Q411. Our overall outlook for the US economy, however, has... Read More
Pub date: 27 Apr 2012 North America / United States Information Technology Industry Report
Market Overview BMI View:USA IT spending is expected to reach US$558bn in 2012, up 5.5%, with BMI upwardly revising its forecast due to macroeconomic factors. Overall moderate growth in budgets is e... Read More
Pub date: 20 Apr 2012 North America / United States Infrastructure Industry Report
BMI View: We are confident that 2011 was another weak year for the construction industry and are therefore maintaining our 1.7% estimated contraction for the year. Our outlook for 2012 also remains ... Read More
Pub date: 18 May 2012 Global / North America Insurance Industry Report
Key Insights On The US Insurance Sector The second half of 2011 has not been a vintage period for any of the major segments of the massive US insurance sector. Insurers of all kinds are battling a n... Read More
Pub date: 27 Apr 2012 North America / United States Metals Industry Report
The US metals market is set for a period of stagnation in 2012 as the economy weakens, although a contraction is an unlikely scenario, according to BMI's latest US Metals Report. BMI forecasts crude... Read More
Pub date: 18 May 2012 North America / United States Mining Industry Report
Unlike many developed world countries, the US still maintains a sizeable mining sector, with an estimated value of US$322bn in 2010. The US remains rich in deposits of many minerals and metals, inclu... Read More
Pub date: 30 Mar 2012 North America / United States Oil & Gas Industry Report
BMI View: Unconventional shale gas and tight oil production continue to make waves in the US market, drastically altering domestic energy prices and supply dynamics. This trend is set to continue, th... Read More
Pub date: 03 Apr 2012 North America / United States Petrochemicals Industry Report
According to the American Chemistry Council (ACC), the US Chemical Production Regional Index (CPRI) - a three month moving average - rose by 0.4% month-on-month in January 2012, following a 0.2% gai... Read More
Pub date: 20 Mar 2012 North America / United States Pharmaceuticals & Healthcare Industry Report
BMI View: Economics and politics are increasingly exerting an influence on the US pharmaceutical market. This is in stark contrast to the late 1990s and early 2000s, when the business environment was... Read More
Pub date: 27 Apr 2012 North America / United States Power Industry Report
BMI View: With the US economy remaining on course for a slow recovery and our Country Risk analysts maintaining their growth forecasts for 2012 and 2013 of 2.0% and 2.4% respectively, both our short-... Read More
Pub date: 13 Apr 2012 North America / United States Real Estate Industry Report
Despite the bleak horizon outlined in our Q112 report, the US commercial real estate market is exhibiting signs of a recovery, albeit a cautious one. This follows a period of optimism despite the su... Read More
Pub date: 19 Apr 2012 North America / United States Shipping Industry Report
We have downgraded our US 2012 outlook to 1.6% from 2.4%. Incoming data have been poor, but not recessionary. We see consumer activity continuing to grow at a weak pace, though business investment s... Read More
Pub date: 23 Apr 2012 North America / United States Telecommunications Industry Report
The mobile market continued to grow in Q411, reaching 322.49mn subscribers. Most of the gains were in the postpaid sector. The number of smartphones sold by the largest operators skyrocketed, as cust... Read More
Pub date: 09 Mar 2012 North America / United States Tourism Industry Report
BMI estimates the number of arrivals to the US reached nearly 58.1mn in 2011 and this will increase to 60.4mn in 2012 and 70.8mn by 2016. In 2009, the US had 54.9mn arrivals, 23.8mn of which were fro... Read More
Pub date: 03 May 2012 Global / North America Freight Transport Special Report
Despite a February and March uptick in rates for crude oil shipping BMI maintains our bearish outlook for the sector. The global fleet continues to suffer from the same issues as the container an... Read More
Pub date: 07 Sep 2010 Global / North America Telecommunications Special Report
âSignificant organic growth opportunities remain unexploited in many of the worldâs telecoms emerging markets, particularly where operators have traditionally been reluctant to step into rural, remote... Read More
Pub date: 08 May 2012 Global Oil & Gas Special Report
BMI View: BMI has left its 2012 oil price forecasts unchanged as market fundamentals point to a gradual easing of supply concerns. While this remains our core view, we outline the major risks to ... Read More
Pub date: 12 Oct 2011 Global Oil & Gas Special Report
Like a tourist in the packed streets of Pamplona on a July morning, the oil market is ready to run and run. The bulls are stamping and snorting in the corral, ready to give chase. Once unleashed, t... Read More
Pub date: 02 Mar 2011 Global Infrastructure Special Report
Impact on Economics of Nuclear Power BMI View: The proliferation of shale gas E&P activity in the US has turned the energy market on its head and is having a profound impact on investment calcula... Read More
Pub date: 11 May 2012 Global / North America Freight Transport Special Report
Rate increases in Q112 have no doubt let carriers breath slightly easier and although a peace after the rate war in 2011 appears to have settled, the atmosphere can be described as uneasy. A slacke... Read More
Pub date: 07 Feb 2012 Global Shipping Special Report
BMI believes that the twin forces of overcapacity and declining volumes, on the back of slower economic growth in the main demand markets of the US and eurozone, will force rates down once more, ... Read More
Pub date: 11 Aug 2011 Global / North America Shipping Special Report
Overview Volumes Up, Rates Down Although the volume of containers handled at global bellwether ports continues to increase, rate levels are still falling. BMI fears that this overcapacity will c... Read More
Pub date: 27 Feb 2012 Global Pharmaceuticals & Healthcare Special Report
There has been strong appetite from private equity to acquire contract research organisations (CROs) throughout 2011. The spate of acquisitions comes at a time when the industry is undergoing a c... Read More
Pub date: 07 Feb 2012 Global Shipping Special Report
Chinese Slowdown Threatens A Sector Already In Troubled Waters BMI believes the outlook for the Dry Bulk Shipping sector remains bleak. The opening weeks of 2012 saw the Baltic Dry Index hit a ... Read More
Pub date: 11 May 2012 Global / North America Freight Transport Special Report
With dry bulk rates remaining depressed and concerns growing about a possible fall-off in Chinese demand for imports of coal and iron ore, BMI's view on the dry bulk sector remains bearish. The sec... Read More
Pub date: 28 Apr 2011 Global Shipping Special Report
Overview Strong Demand Still Can't Soak Up Glut BMI expects the dry bulk shipping sector's woes to continue for some time to come, with overcapacity continuing to upset the supply demand equilibri... Read More
Pub date: 18 Mar 2011 Global Power Special Report
Feed-In Tariffs And Regulatory Changes Impact On Renewables' Markets And Investments BMI View: In the past decade, Feed-in Tariffs (FITs) have gained increasing popularity in both developed and... Read More
Pub date: 18 Mar 2011 Global Infrastructure Special Report
EM Sporting Event Hosts Creating Hype BMI View: Substantial buzz has been created around the next three FIFA World Cup host countries-Brazil (2014), Russia (2018) and Qatar (2022). The combination ... Read More
Pub date: 16 Sep 2009 Global / North America Pharmaceuticals & Healthcare Special Report
In this special report, BMI assess the impact of the economic downturn on drug expenditure levels in markets across the globe.... Read More
Pub date: 30 Apr 2012 Global Telecommunications Special Report
Growth in the number of mobile phone users and wireless subscribers, and advances in the innovative application of communication technology to address health priorities, has the potential to transfor... Read More
Pub date: 15 Apr 2009 North America / Canada Oil & Gas Special Report
BMI assesses the impact of the global economic downturn on Albertaâs oil sands industry as lower oil prices hit project economics.... Read More
Pub date: 11 Aug 2011 Global / North America Shipping Special Report
Overview Ongoing Overcapacity The global crude-oil shipping sector continues to be affected by the overcapacity that is plaguing the container and dry bulk shipping sectors also. Vessels ordered... Read More
Pub date: 08 Aug 2009 Global / North America Telecommunications Special Report
With the mobile market looking to provide faster services, BMI assesses the global outlook for LTE as the next generation technology... Read More
Pub date: 09 Mar 2012 Global Telecommunications Special Report
LTE Becomes The Fastest-Growing Mobile Technology Ever Although it was comparatively slow to gain endorsement from the world's principal telecommunications operators, the long-term evolution (LTE)... Read More
Pub date: 08 Jun 2011 Global Pharmaceuticals & Healthcare Special Report
This Special Report from Business Monitor International (BMI) examines the global supply of Molybdenum- 99, looking at the likelihood of price rises and the implications of investment. The report i... Read More
Pub date: 11 Aug 2011 Global / North America Shipping Special Report
Overview Ongoing Overcapacity BMI expects dry bulk shipping's troubles to continue for some time to come, with overcapacity putting continued downside pressure on rates. While demand remains stron... Read More
Pub date: 19 Apr 2010 Global Pharmaceuticals & Healthcare Special Report
BMI analyses pharmaceutical consumer price indices across 40 countries, identifying historic and likely future trends in pricing policies and dynamics.... Read More
Pub date: 14 Feb 2012 Global Pharmaceuticals & Healthcare Special Report
This Special Report from Business Monitor International (BMI) examines the African healthcare and pharmaceutical markets, looking at the opportunities and characteristics primarily of the sub-Sahar... Read More
Pub date: 25 Jan 2011 Global / North America Pharmaceuticals & Healthcare Special Report
BMIâs analysis of regulatory approvals in 2010 says much about which drugmakers will outperform rivals throughout 2011, with biological blockbuster drugs leading the way.... Read More