Survey on Industry, Services and Construction - 2026-04

Published on 12th of May 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

In this graph and the following the extreme values related to the COVID-19 pandemic are available in WEBSTAT
Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26
Change Forecast
Production 11 7 7 4 8 7 6 7 6 9 7 -1
Deliveries 13 7 7 7 7 7 5 8 8 10 6
Total orders 9 4 8 6 7 8 7 8 6 11 7
Staff -1 1 1 0 -1 3 0 0 0 3 1
Final goods prices 2 0 1 1 1 1 1 4 2 6 9
Commodity prices 1 -1 0 1 1 3 4 5 5 18 25
Level
Order books -8 -6 -7 -7 -6 -7 -5 -5 -5 -1 -3
Inventories of finished goods 6 6 7 6 7 7 6 7 7 6 6
Capacity utilisation rate 75.4 75.6 75.9 76.1 76.2 76.6 76.4 76.6 76.6 76.9 77.0
Cash positions -2 1 -1 -1 0 -1 -2 -1 -1 -2 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 may range from -200 to +200.





Market Services
Opinion on the outlook for services activity*
Balance of opinions SA-WDA
Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26
Change Forecast
Activity 8 5 4 8 9 4 3 8 6 4 0 -5
Aggregate demand 9 5 3 8 7 4 3 8 6 3 1
Prices 1 1 1 2 2 3 1 3 2 3 6
Staff 2 1 1 0 2 0 0 0 1 2 1
Level
Cash positions 1 1 0 1 2 1 0 1 0 -1 -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 may range from -200 to +200.




Construction
Opinion on the outlook for construction activity*
Balance of opinions SA-WDA
Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26
Change Forecast
Acitivity 11 7 11 -3 8 4 2 6 5 5 2 0
Estimates prices -2 0 -1 -2 -1 -1 -1 1 1 3 11
Staff 1 1 1 1 1 0 -1 0 1 1 0
Level
Order books -3 -2 -4 -6 0 0 -3 -2 -4 -2 -5


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 may range from -200 to +200.





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Updated on the 12th of May 2026