Sectoral supplement to the MBS - 2026-07
Published on 11th of August 2026
Industry market services and construction
If you wish to have a more detailed analysis of the results presented on this page you can consult the "Monthly business survey".
Industry ![]()
Opinion on the outlook for industrial production* ![]()
Balance of opinions SA-WDA
Balance of opinions SA-WDA
In this graph and the following the extreme values related to the COVID-19 pandemic are available in WEBSTAT
| Sep-25 | Oct-25 | Nov-25 | Dec-25 | Jan-26 | Feb-26 | Mar-26 | Apr-26 | May-26 | Jun-26 | Jul-26 | Aug-26 | |
| Change | Forecast | |||||||||||
| Production | 3 | 7 | 6 | 4 | 6 | 5 | 8 | 5 | 1 | 8 | 2 | 9 |
| Deliveries | 6 | 7 | 6 | 5 | 8 | 7 | 9 | 6 | 4 | 10 | 4 | |
| Total orders | 6 | 7 | 8 | 6 | 8 | 5 | 11 | 7 | 6 | 10 | 7 | |
| Staff | 0 | -1 | 3 | 0 | 0 | 0 | 3 | 1 | 1 | 1 | 1 | |
| Final goods prices | 1 | 1 | 1 | 1 | 4 | 2 | 5 | 9 | 9 | 7 | 6 | |
| Commodity prices | 1 | 1 | 3 | 3 | 4 | 4 | 17 | 26 | 22 | 10 | 9 | |
| Level | ||||||||||||
| Order books | -7 | -6 | -8 | -6 | -5 | -5 | -1 | -3 | -3 | -2 | -1 | |
| Inventories of finished goods | 6 | 7 | 7 | 6 | 7 | 7 | 6 | 6 | 7 | 5 | 5 | |
| Capacity utilisation rate | 76.1 | 76.3 | 76.6 | 76.4 | 76.6 | 76.5 | 76.8 | 76.8 | 76.7 | 76.7 | 76.7 | |
| Cash positions | -1 | 0 | -1 | -2 | -1 | -1 | -2 | 0 | 1 | 1 | 0 |
Changes in deliveries
Balance of opinions SA-WDA
Inventories and order book level
Balance of opinions SA-WDA
* A positive (negative) balance of opinions corresponds to a rise (fall) in the evolution of activity. Balances of opinions June range from -200 to +200.
Market Services![]()
Opinion on the outlook for services activity*![]()
Balance of opinions SA-WDA
Balance of opinions SA-WDA
| Sep-25 | Oct-25 | Nov-25 | Dec-25 | Jan-26 | Feb-26 | Mar-26 | Apr-26 | May-26 | Jun-26 | Jul-26 | Aug-26 | |
| Change | Forecast | |||||||||||
| Activity | 7 | 10 | 4 | 3 | 7 | 5 | 3 | 1 | -6 | 8 | 2 | 3 |
| Aggregate demand | 7 | 7 | 4 | 2 | 7 | 6 | 2 | 0 | -1 | 4 | 0 | |
| Prices | 2 | 2 | 3 | 1 | 2 | 2 | 3 | 6 | 3 | 3 | 3 | |
| Staff | 0 | 2 | 0 | 0 | 0 | 1 | 2 | 1 | -1 | 2 | 0 | |
| Level | ||||||||||||
| Cash positions | 1 | 2 | 1 | 0 | 1 | 0 | -1 | -2 | -2 | -2 | -2 |
Changes in demand
Balance of opinions SA-WDA
Changes in prices and staff
Balance of opinions SA-WDA
* A positive (negative) balance of opinions corresponds to a rise (fall) in the evolution of activity. Balances of opinions June range from -200 to +200.
Construction![]()
Opinion on the outlook for construction activity* ![]()
Balance of opinions SA-WDA
Balance of opinions SA-WDA
| Sep-25 | Oct-25 | Nov-25 | Dec-25 | Jan-26 | Feb-26 | Mar-26 | Apr-26 | May-26 | Jun-26 | Jul-26 | Aug-26 | |
| Change | Forecast | |||||||||||
| Acitivity | -3 | 7 | 3 | 2 | 6 | 5 | 4 | 2 | -1 | 5 | 5 | 9 |
| Estimates prices | -2 | -1 | -1 | -1 | 1 | 1 | 3 | 10 | 7 | 6 | 5 | |
| Staff | 1 | 1 | 0 | -1 | 0 | 1 | 1 | 0 | 0 | 1 | 1 | |
| Level | ||||||||||||
| Order books | -6 | 0 | 0 | -3 | -2 | -4 | -2 | -5 | -6 | -6 | -6 |
Order book level
Balance of opinions SA-WDA
Changes in estimates prices and staff
Balance of opinions SA-WDA
* A positive (negative) balance of opinions corresponds to a rise (fall) in the evolution of activity. Balances of opinions June range from -200 to +200.
Download the PDF version of the document
EN_business-survey-overview_july2026.pdf
Updated on the 11th of August 2026