Big data changes life

  Revenue expectations stable: With the end of zero-Covid, 52% of respondents expect their revenue to beat 2022’s. This rate was highest —  74% — for retail companies, which suffered significantly during last year’s restrictions. The percentage of companies expecting China revenue  growth to outpace global growth dropped 7 percentage points (pp) to 40%. However, the retail sector was relatively optimistic on this metric,  with 57% of retail companies expecting China revenue growth to outperform worldwide growth compared to only 41% for manufacturing and  31% for services.  Financial metrics plummet: A record-low percentage of respondents, 68%, were profitable in 2022 after city-wide closures and intermittent  lockdowns struck a deep blow to operations. Only 49% saw revenue increase in 2022 compared to the prior year, a 27-pp drop from last year’s  survey, while just 37% reported margin increases — down 17 pp year-over-year.  Five-year optimism at a record low: Just 52% of respondents a

  Compared to the 2022 survey results, only 42% of companies reported year-over-year revenue growth, and 13% experienced a revenue decline of more than 20% of those surveyed.