Despite recent commodities and building booms, the metal products sector will
be hardest hit in a recession, according to a new industry ranking devised by
Financial services, hotels and restaurants will also suffer, according to the
Sector Vulnerability Index. Pharmaceuticals, food retailing and utilities were
ranked least vulnerable.
The index looks at 15 major industry groups, and accesses their relative
strength and prospects over 10 key economic and financial factors.
The metals sector was rated most vulnerable due to high levels of competition
in world commodity markets and low returns
Political and economic uncertainty behind the fall in confidence
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Last year 16 oil and gas companies became insolvent, finds Top Ten firm Moore Stephens