MRO spending is moderately pro-cyclical. That is, when economies and traffic decline, MRO spending tends to decline more sharply. And the happy converse is also true. When times are good, MRO spending increases a bit more than traffic. 2018 is shaping up as a very good year. The consultancy Focus Economics say the consensus forecast for real growth in the Euro area is 2.2% in 2018, the fastest pace since 2007. The U.S. should also have a strong year, with recent growth coming in above ...
