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.

To Enquiry about report visit @ http://www.bigmarketresearch.com/report-enquiry/530224

Key Findings

- 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

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

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

- 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

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

Synopsis

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.

To Get more information visit @ http://www.bigmarketresearch.com/mining-industry-business-confidence-report-h1-2016-market