Mining Industry Business Confidence Report H1 2016

Date: 2016-03

The existing economic environment is unfavorable or very unfavorable for the mining industry, and customer confidence levels will remain constant in H1 2016 (January 2016-June 2016). Companies are slightly optimistic about the economic conditions in Asia-Pacific due to fall in oil prices, ongoing fiscal stimulus and new corporate reforms in Japan, and expected rise in India’s production output by 7.6% in 2016. Over the next six months the industry will increase its expenditure towards new product development and IT infrastructure. Moreover, globally, business executives forecast the budget allocation for mining equipment to decrease slightly in 2016 compared to 2015.

Key Findings
–聽Respondents hold a stable opinion of the current economic climate in North America and Asia, but do not hold a very favorable opinion for Eastern Europe and Australasia

–聽Industry competitors are more confident about their company’s growth prospects compared to their industry growth in H1 2016 (January 2016-June 2016)

–聽IT infrastructure and new product development are expected to witness an increase in expenditure over the next six months

–聽Industry executives operating in Asia-Pacific and the Rest of the World highlight the declining commodity prices as a key economic concern, which is likely to impact their company’s performance over the next six months

–聽The highest percentage of mining industry respondents operating in North America prefer outright purchases when investing in mining equipment

Kable’s Mining Industry Business Confidence Survey H1 2016 examines executives’ opinion on the business environment over January-June 2016. It also highlights existing economic conditions, supplier price variations, sales performance, industry and company growth outlook, spending patterns, and key priorities. Additionally, the report includes trends in the mining equipment market, analysis of the procurement budget allocations, and leading suppliers of mining equipment.

What else does this report offer?

–聽Current state of the global economy: examines prevailing economic conditions globally and across various regions

–聽Company and industry growth outlook: provides industry executives’ expectations towards the growth prospects of their company and the industry over the next six months

–聽Change in customer confidence: analyzes mining industry executives’ opinion about the change in customer confidence during H1 2016

–聽Supplier prices projection: determines expected change in supplier prices across various categories and their impact on business confidence

–聽Change in staff headcount and sales performance: tracks expected change in staff headcount and sales for H1 2016 among industry executives globally

–聽Significant investment activities: highlights various areas in which industry executives intend to invest over the next six months

–聽Business concerns: provides information about potential business concerns indicated by survey respondents for H1 2016

–聽Key priorities: identifies the top priorities of industry executives operating in various regions

–聽Purchase preferences: analyzing the purchasing behavior towards mining equipment and investment allocations in the mining equipment categories

–聽Budget allocation: examining total procurement budget split between capital expenditure and operating expenditure, and tracking the changes in the budget for 2015 and expectations for 2016

–聽Helps organizations to make effective business strategy decisions by knowing the prevailing business conditions and sentiment within the mining industry

–聽Organizations will be supported in business expansion decisions by providing information about projected change in sales performance and supplier prices

–聽Helps to improve operational efficiency of the organization by knowing about key priorities and the main concerns of mining industry executives

–聽Helps to alter investment allocation by understanding key focus areas highlighted by survey respondents during H1 2016

–聽Enables organizations to make key decisions on purchase preferences and investments in mining equipment”

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