Staff Reporter
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Energy and materials sector sees decline in profit optimism
This is down from 63% in both the previous quarter and in December 2024.
Executives in the energy and materials sector have grown more pessimistic about their companies' profitability compared to six months ago, with only half now expecting profits to rise in the next half-year, according to a new McKinsey survey.
This is down from 63% in both the previous quarter and in December 2024.
At the same time, 33% of respondents expect to add to their workforce, which is up from 25% in March.
Expectations for customer demand also improved slightly, with 52% anticipating growth.
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