An increasing number of MSCI World sectors are now projected to experience negative sales growth for the next year. Not long ago, the Telecom, Materials, and Utilities sectors showed the most worrying declines. Now, they are joined by Industrials and Consumer Staples-- with estimates still positive (but declining) in the remaining half of the sectors:
It will likely come as no surprise that estimates in MSCI Europe are the weakest among the three regions, while those in MSCI North America remain the most positive.
MSCI North America