Survey results: Expectations for company performance, by industry

| Survey

September 2025

Executives’ outlook on their companies’ prospects in the near term is mixed as they continue to monitor changes in trade policy and relationships. In the latest McKinsey Global Survey on economic conditions,1 a smaller share of respondents than last quarter expect customer demand for their companies’ products or services to decrease in the next six months. But certain sectors—such as business, legal, and professional services—continue to experience a decline in optimism. Nearly six in ten executives expect their companies’ profits to rise in the coming months, although respondents in professional services remain less optimistic. Workforce expectations remain largely unchanged from previous quarters, with a plurality forecasting no change in head count, while just 30 percent anticipate growth.


June 2025

Surveyed executives continue to show guarded optimism about their companies’ prospects in the coming months.

Executives’ expectations for their companies’ growth over the next six months are largely the same as last quarter, according to the latest McKinsey Global Survey on economic conditions.2 There is more pessimism in service-driven industries than in other industries, while respondents working in advanced industries such as aerospace, automotive, and semiconductors are the most optimistic about their companies’ prospects.


March 2025

Surveyed executives express muted optimism for their companies’ prospects in the next six months. They newly see geopolitical instability as the top obstacle to their companies’ growth.

For the first time since March 2022, surveyed executives foresee geopolitical instability as the top risk to companies’ growth over the next 12 months. In the latest McKinsey Global Survey on economic conditions, weak demand—which was the most-cited risk in the previous three quarters—is now the second-most-cited disruption, followed closely by changes in the trade environment and trade relationships.3

While private sector respondents remain more likely to expect improvement than they are to expect decreasing profits and demand, the shares expecting increasing profits and demand are the smallest in years. At the same time, responses suggest that both workforce sizes and prices are stabilizing. Just 41 percent of respondents say their companies have raised prices for their products or services in the past six months, the smallest share since we began asking that question, in September 2022.

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