Survey on Manufacturing Industry, Services and Building 2019Feb

Business survey February 2019
Manufacturing industry, market services and construction
  • In February, industrial production bounced back, particularly in IT products, chemicals and machinery and equipment.

    Order books stabilised.

    Business leaders expect industrial activity to continue to grow at the same pace in March.
Opinion on the outlook for industrial production*
Balance of opinions, SA-WDA
  • Service activity picked up, with particularly dynamic performances in transport and consulting.

    Prices slightly accelerated.

    Business leaders expect continued growth in service sector activity in March.

Opinion on the outlook for services activity*
Balance of opinions, SA-WDA
  • Construction activity showed robust growth in construction works and finishing works.

    Prices of estimates increased.

    Business leaders expect construction activity to continue to grow in March..
The business sentiment indicator in manufacturing industry* stood at 101 in February, after 99 in January.

The business sentiment indicator in services* stood at 101 in February as in January.

The business sentiment indicator in construction* stood at 105 in February as in January.

According to the monthly index of business activity (MIBA),
GDP is expected to increase by 0.3% in the first quarter of 2019 (second estimate, revised downwards by 0.1 percentage point).

* Calculations are based on survey data, SA-WDA and smoothed over five months
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



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 03/11/2019
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Published on Monday, March 11, 2019