
US industry ROI boosted by technology spending
US private sector return on investment (ROI) is near 20-year highs, boosted by commodity price strength and business spending on technology. The rising return from previous investments is one factor recently supporting US industry capex in the face of higher costs of capital.

Impact AI: Enterprise AI Maturity Index 2024
Oxford Economics and ServiceNow fielded a global survey of 4,470 executives
at organizations where artificial intelligence capabilities are in use.

Advanced economies on the cusp of industrial recovery
Our proprietary business cycle phase indicator reveals that industrial activity in the advanced economies, which has been in recession for the entirety of 2023, is on the cusp of recovery.

United States tech spending more dependent on economic cycle
After decades of outperforming the broader economy, growth in tech spending by US businesses has become much more dependent on the business cycle.