Survey on Manufacturing Industry, Services and Building 2019Jan

Business survey January 2019
Manufacturing industry, market services and construction
  • In January, industrial production fell, particularly in the aeronautics, chemicals and metallurgy sectors.
    Conversely, electronic equipment and IT products remained robust.

    Order books stabilised.

    Business leaders expect industrial production to pick up in February.
Opinion on the outlook for industrial production*
Balance of opinions, SA-WDA
  • Service sector activity slowed down, particularly in the temporary work sector and, to a lesser extent, in accommodation and food services.

    Staff levels rose at a slower pace.

    Business leaders expect service sector activity to accelerate in February.
Opinion on the outlook for services activity*
Balance of opinions, SA-WDA
  • Construction sector activity continued to improve, driven by finishing works.

    Order books are very strong.

    Business leaders expect construction sector activity to continue to grow in February.
The business sentiment indicator in manufacturing industry* stood at 99 in January, after 102 in December.

The business sentiment indicator in services* stood at 100 in January after 101 in December.

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

According to the monthly index of business activity (MIBA),
GDP is expected to increase by 0.4% in the first quarter of 2019 (first estimate).

* 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 02/11/2019
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Published on Monday, February 11, 2019