Survey on Manufacturing Industry, Services and Building 2020Feb

Business Survey February 2020

Manufacturing industry, market services and construction

According to the monthly index of business activity (MIBA), GDP is expected to increase by 0.1 % in the first quarter of 2020 (second estimate, revised downwards by 0.2 percentage point).

Activity in industry and services increased in February, but business leaders expect activity to decrease in March in most sectors aginst the new background of th coronovirus outbreak.
In the manufacturing industry, the business sentiment indicator* stood at 96 in February, after 98 in January.
  • After its fall in January, industrial production rose in February, particularly in the automobile and aeronautical sectors. Activity slowed in the IT and electronic equipments sectors.

    New foreign orders contracted.

    Against the backdrop of concerns related to the coronavirus, business leaders expect industrial production to decline in March.
Opinion on the outlook for industrial production**
Balance of opinions, SA-WDA
In services, the business sentiment indicator* stood at 96 in February, but more slowly.
  • Activity continued to increase in most services in February, but more slowly.

    Staff increased at the same pace as in January.

    Against the backdrop of concerns related to the coronavirus, business leaders expect service sector activity to contract in March.
Opinion on the outlook for services activity**
Balance of opinions, SA-WDA
In construction, the business sentiment indicator* stood at 104 in February, after 105 in January.
  • Construction sector activity remained robust in February, both in structural and finishing works.

    Order books fell slightly.

    In March, construction sector activity is expected to decelerate.
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

Download the PDF version of this document

Survey on Manufacturing Industry, Services and Building
  • Published on 03/09/2020
  • EN
  • PDF (418.85 KB)
Download (EN)

Published on Monday, March 9, 2020