GURU.Markets stock price, segment price, and overall market index valuation
The company's share price Owens Corning
Owens Corning is a leader in roofing, insulation, and fiberglass. Its stock price is closely tied to the US construction market, both for new homes and renovations. The chart reflects construction industry cycles and raw material prices.
Share prices of companies in the market segment - Building products
Owens Corning is a leader in insulation, roofing, and fiberglass composites. We classify it as a building product. The chart below shows the overall dynamics of this cyclical market, closely linked to the housing market.
Broad Market Index - GURU.Markets
Owens Corning is a global leader in building and insulation materials, including fiberglass and roofing. As a major industrial company, it is included in the GURU.Markets index. The chart below shows the overall market performance. Compare its stock price to the state of the construction industry.
Change in the price of a company, segment, and market as a whole per day
OC - Daily change in the company's share price Owens Corning
For Owens Corning, a building materials manufacturer, daily price changes are a measure of its response to construction activity. The graph of these fluctuations is unspectacular, but it is an important component of the formulas on System.GURU.Markets.
Daily change in the price of a set of shares in a market segment - Building products
Owens Corning is a leader in the building materials market (insulation, roofing). This chart demonstrates the sector's high volatility. Comparison with the OC dynamics, which are directly dependent on housing construction volumes, makes it a barometer of the real estate market.
Daily change in the price of a broad market stock, index - GURU.Markets
Owens Corning is a global leader in insulation, roofing systems, and fiberglass. Its business is closely tied to the health of the construction sector. The chart below shows overall market volatility, which largely reflects these same economic cycles.
Dynamics of market capitalization of the company, segment and the market as a whole over 12 months
Annual dynamics of the company's market capitalization Owens Corning
Owens Corning is a global leader in building materials such as insulation and roofing systems. Its year-over-year performance is an accurate barometer of the home construction and renovation market. The chart below tells the story of this cyclical yet fundamental business.
Annual dynamics of market capitalization of the market segment - Building products
Owens Corning is a global leader in building and insulation materials, including fiberglass. Its business is highly cyclical and closely tied to the health of the construction market. The chart clearly demonstrates this sensitivity to the number of new homes, renovations, and overall economic conditions.
Annual dynamics of market capitalization of broad market stocks, index - GURU.Markets
Owens Corning is a leading manufacturer of building materials, including roofing and insulation. Its business is highly cyclical and directly dependent on activity in the home construction and renovation market. Its stock price serves as a barometer for the sector.
Dynamics of market capitalization of the company, segment and the market as a whole for the month
Monthly dynamics of the company's market capitalization Owens Corning
The value of Owens Corning, a manufacturer of building materials (insulation, roofing), is closely tied to the construction cycle. Monthly fluctuations on the chart reflect demand for its products in both new construction and the remodeling and renovation sector, making it sensitive to interest rates and the housing market.
Monthly dynamics of market capitalization of the market segment - Building products
This chart reflects the cyclical dynamics of the building materials sector. For Owens Corning, a leader in insulation and roofing materials, this context provides context. Its movements are a barometer of activity in the home construction and renovation market.
Monthly dynamics of market capitalization of broad market stocks, index - GURU.Markets
Owens Corning is a leading manufacturer of insulation materials and roofing systems. Its business is closely tied to housing cycles. The chart below demonstrates how strongly the company's shares, as an indicator of the construction sector, reacted to changes in interest rates and housing market data, rather than the overall trend.
Dynamics of market capitalization of the company, segment and the market as a whole for the week
Weekly dynamics of the company's market capitalization Owens Corning
The weekly performance of Owens Corning, a manufacturer of roofing materials and insulation, is a barometer for the construction and renovation sectors. Home sales data, building permits, and prices for asphalt and fiberglass impact its margins and stock prices.
Weekly dynamics of market capitalization of the market segment - Building products
Owens Corning shares, like the entire building materials sector, are dependent on the overall housing market and commodity prices. Energy costs and demand for new construction are common drivers for all. The chart shows how the company fares against this cyclical market backdrop.
Weekly dynamics of market capitalization of stocks of the broad market, index - GURU.Markets
Owens Corning is a leading manufacturer of insulation materials and roofing systems. Its business is directly dependent on home construction and renovation volumes. This chart shows how cyclical the company's stock is and how sensitive it is to interest rate changes.
Market capitalization of the company, segment and market as a whole
OC - Market capitalization of the company Owens Corning
Owens Corning's market capitalization chart is a financial valuation of the leader in the building materials market, particularly insulation and roofing systems. It reflects the strength of its iconic Pink Panther brand. Its performance is a barometer of the new construction and home renovation markets, as well as the growing demand for energy-efficient solutions.
OC - Share of the company's market capitalization Owens Corning within the market segment - Building products
Owens Corning is a global leader in insulation, roofing, and fiberglass composites. The company's share of the building materials sector's market capitalization reflects its strong brand and dominant positions in key segments. The chart clearly demonstrates its weight.
Market capitalization of the market segment - Building products
Owens Corning is a global leader in building and insulation materials, particularly fiberglass. The chart below shows the overall market capitalization of the entire building materials sector. Its growth reflects the demand for energy efficiency and durability in buildings, where Owens Corning products play a key role.
Market capitalization of all companies included in a broad market index - GURU.Markets
The building materials that form the foundation of construction are visible in the graph. Owens Corning is a global leader in insulation, roofing, and fiberglass. Its market capitalization is based on strong brands and the key role its products play in building energy efficiency.
Book value capitalization of the company, segment and market as a whole
OC - Book value capitalization of the company Owens Corning
Owens Corning's book value is the physical embodiment of energy efficiency and construction. The chart reflects the value of its factories producing its famous pink insulation, roofing materials, and fiberglass. These are tangible assets that help make homes more comfortable and durable.
OC - Share of the company's book capitalization Owens Corning within the market segment - Building products
Owens Corning is a leader in insulation and roofing systems. Its stake in the sector is a global network of fiberglass and asphalt shingle factories. The chart demonstrates its dominance through its control over this capital-intensive production base.
Market segment balance sheet capitalization - Building products
Owens Corning is a leading manufacturer of insulation, roofing, and fiberglass. Their market dominance is built on a network of large, capital-intensive manufacturing plants. The book value chart is a financial reflection of this powerful industrial base that underpins their business.
Book value of all companies included in the broad market index - GURU.Markets
Owens Corning's core business consists of fiberglass, insulation, and roofing shingle manufacturing plants. The chart below shows how the physical scale of the company, whose products are an integral part of modern construction, has changed.
The ratio of market capitalization to book capitalization of a company, segment, and the market as a whole
Market capitalization to book capitalization ratio - Owens Corning
Owens Corning owns construction materials factories. Its market valuation is closely tied to the value of these assets and the state of the construction market. The chart shows how construction expectations influenced the valuation of its real assets.
Market to book capitalization ratio in a market segment - Building products
Owens Corning is a manufacturer of building materials, particularly insulation and roofing systems. The company's value is determined by its brands and production facilities. The chart shows how the market values ββits assets and market position in the cyclical construction industry.
Market to book capitalization ratio for the market as a whole
Owens Corning is a global leader in insulation, roofing, and fiberglass. It's a capital-intensive business, heavily dependent on the construction cycle. Its valuation, relative to the average in this chart, is closely tied to the book value of its plants. The market also values ββits strong brands and market leadership, which creates additional value.
Debts of the company, segment and market as a whole
OC - Company debts Owens Corning
Owens Corning, a leading manufacturer of roofing materials and insulation, manages its capital closely to the cycles of the construction industry. This chart shows how the company uses financial leverage to modernize its factories and innovate its products, striving to maintain a strong balance sheet to successfully navigate construction downturns.
Market segment debts - Building products
Owens Corning is a leading manufacturer of insulation, roofing, and fiberglass. Demand for its products is closely tied to new home construction and renovation activity. This chart shows how the company manages its balance sheet in a cyclical market and how its financial policies compare to other building materials manufacturers.
Market debt in general
Debt to book value of the company, segment and market as a whole
The company's debt to book capitalization ratio Owens Corning
Owens Corning is a leading manufacturer of roofing materials, insulation, and fiberglass composites. This chart shows its debt load. The business is heavily dependent on activity in the new construction and home improvement markets. A slowdown in the housing market due to high interest rates could significantly reduce demand for its products.
Market segment debt to market segment book capitalization - Building products
Owens Corning is a leading manufacturer of roofing materials, insulation, and fiberglass. Demand for its products is closely tied to the construction market. This chart shows the overall debt burden in the construction materials sector, which helps assess how Owens Corning manages its finances in a cyclical demand environment.
Debt to book value of all companies in the market
Owens Corning is a building materials manufacturer. This business is cyclical and dependent on the housing market. This chart shows the average debt level across the economy. It allows one to compare the company's financial policies, which are sensitive to construction cycles, not only with those of its competitors but also with overall market norms.
P/E of the company, segment and market as a whole
P/E - Owens Corning
Owens Corning is a global leader in insulation, roofing systems, and fiberglass. This chart provides an indicator of the construction market, both new construction and renovation. Its dynamics are driven by demand for energy-efficient home solutions and the use of composite materials in the automotive and wind energy industries.
P/E of the market segment - Building products
Owens Corning is a global leader in building and insulation materials, including fiberglass (pink wool) and roofing materials. The company's products help make homes more energy-efficient and durable. This chart reflects the average rating for the building materials sector, providing insight into investor sentiment regarding the housing market.
P/E of the market as a whole
Owens Corning is a leading manufacturer of insulation materials, roofing, and fiberglass. This chart reflects general construction cycles, and it is an important indicator for OC. Demand for its products is directly dependent on new home construction and renovation activity, making its valuation cyclical.
Future P/E of the company, segment and market as a whole
Future (projected) P/E of the company Owens Corning
Owens Corning is a global leader in building and insulation materials, as well as fiberglass composites. This chart is an indicator of expectations for the home construction and renovation market. Its dynamics reflect forecasts for demand for roofing materials, thermal insulation, and other products that are directly dependent on activity in the construction sector.
Future (projected) P/E of the market segment - Building products
Owens Corning is a global leader in building and composite materials, including insulation, roofing, and fiberglass. This chart compares the company's future revenue expectations with those for the building materials sector. It helps understand how investors view Owens Corning's prospects based on the state of the construction market.
Future (projected) P/E of the market as a whole
Owens Corning is a leading manufacturer of insulation materials, roofing materials, and fiberglass. This indicator, reflecting the state of the construction market, is vital for OC. Demand for its products is directly dependent on the number of new homes and activity in the home renovation sector. The company is highly sensitive to interest rates and overall economic confidence.
Profit of the company, segment and market as a whole
Company profit Owens Corning
Owens Corning is a global leader in building and insulation materials, as well as fiberglass composites. The company's products are used to improve the energy efficiency of buildings and in the automotive industry. This chart shows the financial performance of a business that operates at the intersection of construction and green technologies.
Profit of companies in the market segment - Building products
Owens Corning is a global leader in insulation, roofing, and fiberglass composites. This chart shows profitability in the building materials sector. For OC, this is an indicator of activity in the new construction and renovation markets. Demand for their energy-efficient materials is growing alongside trends toward sustainable construction.
Overall market profit
Owens Corning is a leading manufacturer of building materials, including fiberglass, insulation (pink wool), and roofing materials. The company's business is closely tied to cycles in residential and commercial construction. When the economy is booming, demand for its products increases. This overall profitability chart is a good indicator for the construction industry.
Future (predicted) profit of the company, segment and market as a whole
Future (projected) profit of the company Owens Corning
Owens Corning is a global leader in insulation, roofing systems, and fiberglass. The profit forecast presented here is closely tied to activity in the home construction and renovation market. Energy prices and the push for more energy-efficient homes are also driving demand for the company's products.
Future (predicted) profit of companies in the market segment - Building products
Owens Corning is a leading manufacturer of insulation materials, roofing systems, and fiberglass. The profit forecast for this sector is closely tied to the state of the construction market. This chart reflects analyst expectations for homebuilding and renovation activity, as well as trends toward improved building energy efficiency, which drives demand for insulation.
Future (predicted) profit of the market as a whole
Owens Corning is a global leader in insulation, roofing, and fiberglass. Demand for its products is closely tied to new home construction and renovations. The earnings forecasts presented here impact interest rates and consumer confidence, key factors in the construction market.
P/S of the company, segment and market as a whole
P/S - Owens Corning
Owens Corning is a leading manufacturer of insulation, roofing, and fiberglass. This chart shows how its revenue estimates follow construction market cycles. Demand for its products is driven by both new construction and activity in the renovation and remodeling sector, making it a barometer of the industry's health.
P/S market segment - Building products
Owens Corning is a global leader in insulation, roofing, and fiberglass composites. This chart shows the average revenue multiple in the building materials sector. It helps understand how investors value Owens Corning's strong brands (such as pink insulation) and its dependence on construction activity.
P/S of the market as a whole
Owens Corning is a global leader in building and insulation materials, including fiberglass and roofing systems. The company's business is highly cyclical and directly dependent on activity in the homebuilding and renovation market. This chart reflects how the market as a whole views its revenue and helps understand how Owens Corning's cyclical business aligns with overall economic expectations.
Future P/S of the company, segment and market as a whole
Future (projected) P/S of the company Owens Corning
Owens Corning is a global leader in building and insulation materials, including fiberglass and roofing systems. This chart shows how investors view the company's future sales. It is closely tied to activity in the new home construction and remodeling markets.
Future (projected) P/S of the market segment - Building products
Owens Corning is a leader in insulation, roofing, and fiberglass composites. Its products play a key role in the construction and energy efficiency of buildings. This chart reflects how the market views its dependence on the construction cycle and its ability to benefit from green building trends.
Future (projected) P/S of the market as a whole
Owens Corning is a leading manufacturer of building materials, including insulation, roofing, and fiberglass. Their business is closely tied to the residential and commercial construction cycles. This graph, reflecting economic growth expectations, is a leading indicator for Owens Corning. Optimism stimulates new construction and renovations, which directly increases demand for their products.
Sales of the company, segment and market as a whole
Company sales Owens Corning
Owens Corning is a global leader in building and insulation materials, including fiberglass, roofing, and insulation. This chart reflects activity in the construction industry. The company's revenue is directly dependent on the pace of new housing construction, the volume of renovations and upgrades to existing buildings, and raw material prices.
Sales of companies in the market segment - Building products
Owens Corning is a global leader in building and composite materials. Their pink insulation is an iconic product, but they also produce roofing materials and fiberglass for plastic reinforcement. This chart shows how their revenue is divided among their three main segments: insulation, roofing, and composites.
Overall market sales
Owens Corning is a global leader in building and insulation materials, including fiberglass composites. Its pink insulation is one of the most recognizable brands in the construction industry. Demand for Owens Corning products depends on the pace of construction and renovation. This total revenue chart reflects the state of the construction market, for which Owens Corning supplies key materials.
Future sales volume of the company, segment and market as a whole
Future (projected) sales of the company Owens Corning
Owens Corning is a global leader in building and composite materials, including insulation, roofing, and fiberglass. This chart reflects sales forecasts, which are closely tied to activity in the residential and commercial construction markets, as well as the industrial manufacturing industries where its composite materials are used.
Future (projected) sales of companies in the market segment - Building products
Owens Corning is a global leader in insulation, roofing, and fiberglass composites. This chart shows forecasts for the entire building materials market. It is closely linked to residential construction activity (new and remodeled) and industrial production, where Owens Corning composites are used.
Future (projected) sales of the market as a whole
Owens Corning is a leading manufacturer of roofing materials and insulation. Its business is inextricably linked to the housing market. This graph, which reflects construction and renovation forecasts, is vital for the company. Increased new home construction and activity in the renovation and remodeling sector directly drive demand for Owens Corning products.
Marginality of the company, segment and market as a whole
Company marginality Owens Corning
Owens Corning, a leading manufacturer of insulation, roofing, and fiberglass composites, is a leading company. This chart shows its profitability. The company's profitability depends on activity in the construction sector and demand for its energy-efficient solutions. Strong brands and market leadership enable it to maintain stable margins and effectively manage costs.
Market segment marginality - Building products
Owens Corning is a global leader in building and composite materials, including insulation, roofing, and fiberglass. Profitability depends on activity in the construction market and production efficiency. This chart shows operating results. Comparisons with other building materials manufacturers highlight the strength of their brands and technological leadership.
Market marginality as a whole
Owens Corning is a global leader in building and insulation materials, as well as fiberglass. Demand for its products is closely tied to the new construction and home renovation markets. While this overall economic activity profile influences consumer confidence, interest rates are a more important driver for Owens Corning.
Employees in the company, segment and market as a whole
Number of employees in the company Owens Corning
Owens Corning is a global leader in building and composite materials. The company is known for its pink insulation, roofing materials, and fiberglass. This graphic shows the team working at production facilities around the world, creating materials that make buildings more energy-efficient, durable, and comfortable.
Share of the company's employees Owens Corning within the market segment - Building products
Owens Corning is a global leader in building and composite materials, including fiberglass insulation (pink wool) and roofing materials. This chart demonstrates its manufacturing dominance. It reflects the significant share of engineers, chemists, and manufacturing personnel in these segments of the construction industry that Owens Corning occupies.
Number of employees in the market segment - Building products
Owens Corning is a global leader in building materials, including insulation (pink glass wool) and roofing systems. The company's products improve the energy efficiency of buildings. This chart shows the large workforce and engineers who produce materials that help save energy and make homes more comfortable.
Number of employees in the market as a whole
Owens Corning is a global leader in insulation, roofing systems, and fiberglass composites. The company's performance is closely tied to new home construction and the renovation market. Increased overall employment, reflected in this chart, boosts consumer confidence and their ability to purchase new homes or invest in energy efficiency in existing ones, directly increasing demand for Owens Corning products.
Market capitalization per employee (in thousands of dollars) of the company, segment, and market as a whole
Market capitalization per employee (in thousands of dollars) of the company Owens Corning (OC)
Owens Corning is a leading manufacturer of insulation, roofing, and fiberglass. This chart illustrates the capital-intensive nature of the construction industry. Low capital expenditure per employee is typical for this business, where large factories and the production of bulk materials require significant staff and extensive production facilities.
Market capitalization per employee (in thousands of dollars) in the market segment - Building products
Owens Corning (OC) is a leading manufacturer of building materials such as insulation (pink) and roofing. It operates on a large-scale, industrial scale. This chart shows the industry average. It illustrates the balance between the cost of OC's large factories and the large manufacturing staff required to produce these products.
Market capitalization per employee (in thousands of dollars) for the overall market
Owens Corning is a global leader in insulation, roofing, and fiberglass. In the construction industry, this metric reflects brand strength and operational efficiency. It demonstrates how a company, as a leader in its segments, is able to maintain high profitability and, consequently, the value of each employee.
Profit per employee (in thousands of dollars) for the company, segment, and market as a whole
Profit per employee (in thousands of dollars) of the company Owens Corning (OC)
Owens Corning is a leader in building materials, particularly insulation (pink glass wool) and roofing systems. This chart demonstrates the efficiency of their capital-intensive production and brand strength. In the building materials industry, their brand recognition allows them to command a price premium. Efficiency is a combination of plant utilization and marketing.
Profit per employee (in thousands of dollars) in the market segment - Building products
Owens Corning (OC) is a leader in the production of "pink" thermal insulation and roofing materials. This chart shows the benchmark for "Building Products." In this commodity sector, the benchmark is moderate and cyclical. Profit per worker depends on energy prices (for smelting), factory automation, and, most importantly, booms in construction.
Profit per employee (in thousands of dollars) for the market as a whole
Owens Corning is a global leader in building materials, including insulation, roofing, and fiberglass composites. Labor productivity data reflects their manufacturing model. Profitability per employee depends on the efficiency of their massive, highly automated factories and the strength of the company's brands in the construction market.
Sales to employees of the company, segment and market as a whole
Sales per company employee Owens Corning (OC)
Owens Corning is a global leader in building materials, including insulation, roofing, and fiberglass. This chart demonstrates the efficiency of a large industrial operation. Its high revenue per employee is a result of strong brands, scale, and materials innovation, which allow the company to maintain its market leadership.
Sales per employee in the market segment - Building products
Owens Corning is a leader in building materials, particularly insulation (pink glass wool) and roofing. It's a capital-intensive industry. This chart shows how efficient their factories and distribution are. It compares how their workforce generates revenue compared to other building materials manufacturers.
Sales per employee for the market as a whole
Owens Corning is a company known for its pink insulation (Pink Panther). Their business is divided into three segments: insulation, roofing materials (shingles), and composites (fiberglass). This is a capital-intensive industry. This chart shows how efficiently their factories and R&D teams generate revenue in these building materials segments.
Short shares by company, segment and market as a whole
Shares shorted by company Owens Corning (OC)
Owens Corning (OC) is a leader in building materials, particularly roofing (shingles) and insulation (pink glass wool). This chart shows bearish bets. The rise in shorts on OC is a direct bet on a decline in homebuilding (new homes) and renovations (roof replacements). When this market cools, demand for their products falls.
Shares shorted by market segment - Building products
Owens Corning (OC) is a leader in building materials, including insulation (pink glass wool), roofing materials, and fiberglass composites. This chart shows the overall bearish sentiment in the building materials sector. It reflects the extent to which investors anticipate a slowdown in the housing and remodeling markets, which impacts the entire industry.
Shares shorted by the overall market
Owens Corning (OC) is a leader in building materials, primarily roofing systems and insulation (the famous "Pink Panther"). This chart reflects the overall level of pessimism. OC's business is directly dependent on construction and renovation cycles. The rising fear in the market signals investor expectations that high rates and a recession will cool the housing market.
RSI 14 indicator for a company, segment, and market as a whole
The company's RSI 14 indicator Owens Corning (OC)
Owens Corning is a leader in building materials, particularly known for its pink fiberglass insulation (Pink Panther) and roofing materials. The chart shows when the market (above 70) is overheated by expectations of a boom in home construction and renovation, or (below 30) oversold by fears of a recession and falling housing demand.
RSI 14 Market Segment - Building products
Owens Corning is a leading manufacturer of building materials, known for its pink insulation brand ("Pink Panther"). The company is also a leader in roofing materials (shingles) and fiberglass composites. This chart shows the overall sentiment in the building materials sector. It helps assess whether Owens Corning is following the industry's overall trend or whether its brands are setting their own trends.
RSI 14 for the overall market
Owens Corning is a leading manufacturer of building materials, known for its pink insulation, roofing materials, and fiberglass composites. Their business is directly dependent on the construction and renovation cycles. This market "temperature" indicator reflects the state of the housing market. Investor euphoria (high readings) coincides with a construction boom. Panic coincides with a recession and rising rates.
Analyst consensus forecast for the company's share price, the segment, and the market as a whole
Analyst consensus stock price forecast OC (Owens Corning)
Owens Corning is a leading manufacturer of building and insulation materials, primarily fiberglass (thermal insulation) and roofing materials (shingles). This chart reflects analyst expectations. Their targets are based on activity in residential construction (new homes) and the remodeling (R&R) sector, as well as raw material prices, especially asphalt.
The difference between the consensus estimate and the actual stock price OC (Owens Corning)
Owens Corning is a leading building materials company, known for its pink insulation (Pink Panther) and roofing materials (shingles). This chart shows the difference between the consensus forecast and the price. It reflects whether analysts believe the energy efficiency trend (insulation) will support the company, despite construction cycles.
Analyst consensus forecast for stock prices by market segment - Building products
Owens Corning is a leading building materials manufacturer known for its pink fiberglass insulation and roofing materials (shingles). This chart shows analysts' overall expectations for the entire building materials sector. It reflects whether experts believe the housing market will recover or anticipate a downturn.
Analysts' consensus forecast for the overall market share price
Owens Corning (OC) is a leader in three areas: roofing, insulation (pink glass wool), and fiberglass. This is a pure construction cycle. Market expectations, as seen in this chart, are a direct forecast for them. If experts anticipate a downturn, construction (new and remodeling) slows, and demand for OC products plummets.
AKIMA index of the company, segment and market as a whole
AKiMA Company Index Owens Corning
Owens Corning is a leader in three segments: insulation (pink glass wool), roofing (shingles), and composites (fiberglass). This chart is a comprehensive indicator for construction. It reflects the health of both the new housing market and, more importantly, the remodeling and renovation (R&R) market, which ensures stable demand for their products.
AKIMA Market Segment Index - Building products
Owens Corning is a triple-A leader; the company dominates three building materials niches: insulation, roofing shingles, and fiberglass composites. This comprehensive index evaluates companies. The chart shows the average value for the sector. This is the benchmark: how does this triple-A (and cyclical) niche monopoly differentiate OC from the average competitor?
The AKIM Index for the overall market
Owens Corning is a leader in building materials, known for its pink insulation. The company also produces roofing and composites. This chart, which reflects the market average, provides a macro backdrop. It helps assess how Owens Corning, whose business is closely tied to the health of the real estate market (new construction and renovations), compares to the overall macroeconomic situation.