Refinish Business Review
Q1 and Full Year 2023 Macroeconomic Assumptions
Macroeconomic Assumptions
Q1 2023 Currency Assumptions
☐
Global GDP growth ~1.4% for Q1 2023 and
~1.3% for FY 2023
Currency
Global industrial production decline to be
~(0.4%) for Q1 2023 and growth of ~0.8% for
FY 2023
■
Global auto builds expected to grow ~2.3% for
Q1 2023 and -3.6% for FY 2023, according to
industry forecasters
Global truck production expected to grow
~1.0% for Q1 2023 and decline ~(0.9%) for FY
2023, excluding China
Q1 2022 % Axalta
Net Sales
Q1 2022
Average Rate
Q1 2023
Average Rate
Assumption
USD % Impact of
FX Rate Change
US$ per Euro
-28%
1.12
1.07
(4.5%)
Chinese Renminbi per
US$
-9%
6.35
6.80
(6.6%)
Mexican Peso per
US$
~5%
20.49
20.70
(1.0%)
US$ per British Pound
-3%
1.34
1.22
(9.0%)
Brazilian Real per US$
~1%
5.22
5.22
0.0%
Swedish Krona per
US$
~1%
9.34
9.83
(5.0%)
Indian Rupee per US$
~1%
75.20
79.14
(5.0%)
Turkish Lira per US$
~1%
13.92
19.56
(28.8%)
Other
-48%
NA
NA
(0.1%)
18
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