Survey on Manufacturing Industry, Services and Building 2019Aug

Business survey August 2019
Manufacturing industry, market services and construction

According to the monthly index of business activity (MIBA), GDP is expected to increase by 0.3% in the third quarter of 2019 (second estimate, unchanged).

In the manufacturing industry, the business sentimentindicator* stood at 99 in August, after 96 in July.
  • In August, industrial production gained ground. The pharmaceutical and electronic equipment sectors performed particularly well.

    Staff levels were stable. Order books fell slightly.

    Business leaders expect industrial production to grow at a slower pace in September.

Opinion on the outlook for industrial production**
Balance of opinions, SA-WDA
In services, the business sentiment indicator* stood at 100 in August, like in July.
  • Service sector activity picked up slightly in August. Only the accommodation and catering sector was weak.

    Growth in staff levels slackened.

    Business leaders expect service sector activity to slow down in September.

Opinion on the outlook for services activity**
Balance of opinions, SA-WDA
In construction, the business sentiment indicator* stood at 104 in August, like in July.
  • Construction sector activity was almost stable in August in both structural and finishing works.

    Order books remained strong.

    In September, business leaders expect a rebound in construction sector activity.

Opinion on the outlook for construction activity**
Balance of opinions, SA-WDA
* Calculations are based on survey data, SA-WDA and smoothed over five months

** A positive (negative) balance of opinions corresponds to a rise (fall) in the evolution of actvity



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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Survey on Manufacturing Industry, Services and Building
  • Published on 09/09/2019
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Published on Monday, September 9, 2019