Survey on Industry, Services and Construction 2021Dec

Published on 11 January 2022

Industry, market services and construction
Industry
  • In December, activity picked up in most industrial sectors, notably in the pharmaceutical, automobile and rubber and plastics sectors.

    For the second month in a row, the balance of opinion among business leaders on the evolution of prices for raw materials and finished products has fallen to a level that yet remains high.

    The balance of opinion on the cash position remained above its long-term average. Order books remained strong.

    Business leaders expect activity to firm very slightly in January.
Opinion on the outlook for industrial production*
Balance of opinions, SA-WDA
Market Services
  • In market services, activity remained very buoyant in most sectors in December. The strongest increases were seen in business services: temporary work, management consulting, and advertising.

    Business leaders reported a moderate rise in prices.

    Staff levels continued to grow at a sustained pace, particularly in business services.

    Activity is expected to fall slightly in January, due to the downturn in accommodation and food services.
Opinion on the outlook for services activity*
Balance of opinions, SA-WDA
Construction
  • Construction sector activity was up slightly in December, essentially in structural works.

    Order books remained robust, and well above their long-term average. Business leaders reported an increase in quote prices, albeit smaller than in previous months.

    Business leaders expect activity to remain broadly stable in January.
Opinion on the outlook for construction activity*
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.



For further details, see
sectoral level information, the methodology, the publications calendar, the contacts and all statistical time series published by the Banque de France can be accessed WEBSTAT Banque de France
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