Expectations for growth are increasingly pessimistic across many industries—except energy and materials, find senior partner Sven Smit and colleagues in the latest McKinsey Global Survey. As companies in most industries feel the impact of cost increases—particularly the effects of rising energy prices and material costs—survey respondents working in the energy and materials sector have a relatively more optimistic view of their profits over the next six months than they did last quarter.

Energy and materials is the only sector in which respondents are more optimistic now than in the June survey about potential profits.
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To read the article, see “Survey results: Expectations for company performance, by industry,” September 30, 2022.