Monitor external drivers
Track the forces outside of your control influencing every industry.
Trusted by over 6,000 businesses globally
Spot risks early
Identify risks before they impact your business with the forward looking trends you need to make smarter business decisions.
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Understand market dynamics
Monitor macroeconomic, demographic and consumer behavior trends influencing the business environment.
- Track which industries are impacted by changing external drivers
- Bolster recommendations, budgets or investment decisions
- Leverage 20 years of historical data and five-year forecasts to support business planning
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Track prices. Predict trends.
Analyze monthly and annual changes in producer prices across 1,500+ products and services.
- Strengthen cost modeling by incorporating near-real-time input cost trends
- Monitor volatility in raw material or service pricing
- Use historical and recent pricing data to support contract negotiations
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Navigate labor costs with precision
Assess average wages by experience level for states and metro areas.
- Compare wages by location to optimize hiring and expansion decisions
- Set competitive pay ranges with reliable wage benchmarks
- Use local labor data to plan budgets and control workforce costs
What our clients say
IBISWorld delivers the crisp business knowledge we need to drive our business. Whether it be serving up our major clients, winning new business or educating people on industry issues, IBISWorld brings real value.
IBISWorld gives us a basis for making strategic decisions on our prospecting list. It allows us to say 'yes, this is a good industry to target' and more importantly, 'this is why you should.'
A valuable resource in helping us understand current market trends in various client environments.
When you’re able to speak to clients and be knowledgeable about what they do and the state that they operate in, they’re going to trust you a lot more.
Start crafting smarter strategies
FAQs
Can’t find the answer you’re looking for? Please reach out to our team.
What are Business Environment Profiles and why do they matter?
IBISWorld's Business Environment Profiles are datasets and analytical snapshots of key external drivers, such as macroeconomic, demographic, or governmental indicators, that affect industry performance. They allow you to identify risks before they impact your business by offering forward-looking trends that inform smarter decisions.
What types of indicators do these profiles cover?
These profiles cover a wide spectrum of business-environment indicators including financial market drivers (e.g., interest rates, exchange rates), commodity and energy prices (impacting cost bases across industries), demographic and consumer behavior trends (e.g., obesity, aging populations), and macroeconomic measures (GDP growth, inflation, unemployment). By tracking these, you gain insight into what external conditions are driving or constraining industries.
How can monitoring Business Environment Profiles benefit industry research or planning?
By integrating Business Environment Profiles into your research process, you can anticipate how changes in the external environment will filter into industry outcomes and risks, and benchmark industry performance against shifts in underlying external drivers. This helps you make more informed strategy decisions by factoring in the broader business climate.
Are these profiles global in scope and how frequently are they updated?
IBISWorld's Business Environment Profiles offer coverage across major economies. They include structured data on hundreds of external drivers, enabling you to compare, trend, and monitor change across markets and over time.
How do I get access and apply these profiles in my workflow?
You can access IBISWorld’s Business Environment Profiles via the IBISWorld platform, direct API, or integration. Once you have access, you can query specific external drivers (e.g., “What is the forecast for the global crude oil price in five years?”) and see which industries are most exposed to that driver—enabling you to trace indirect effects and plan accordingly.
How are Business Environment Profiles connected to IBISWorld’s industry reports?
Business Environment Profiles are linked to relevant industries in IBISWorld’s database. This connection lets you see how external drivers influence specific sectors. By combining profiles with industry reports, you gain a complete 360° view of performance drivers.