Survey on Industry, Services and Construction 2021May

Published on 14 June 2021

Manufacturing industry, marcket services and construction
Industry
  • In May, activity firmed somewhat, driven mainly by the chemicals and aeronautics industries as well as by other transport excluding the automotive sector.

    Like in April, inventories of finished goods are deemed to be below normal levels. Business leaders observed a further sharp rise in raw material prices, as well as
    an increase in the prices of finished goods.

    The cash position appeared a little weaker, while remaining above its long-term average. The outlook for order books remains very positive.

    Business leaders expect activity to improve slightly in June.
Opinion on the outlook for industrial production*
Balance of opinions, SA-WDA
Services
  • Service sector activity strengthened significantly, particularly in the sectors benefiting from the easing of health-related restrictions: hotel and catering, rental (cars, etc.). Within business services, advertising and market research performed well, as did management consultancy, legal and accounting activities.

    The cash position improved slightly overall.

    Business leaders expect activity to pick up in June.
Opinion on the outlook for services activity*
Balance of opinions, SA-WDA
Construction
  • Construction activity remained robust in May.

    Order books remained strong. Business leaders noted a further rise in prices of quotes.

    Activity is expected to be stable in June.
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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Updated on 14 June 2021