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Period under review: February 2016
BANQUE DE FRANCE – Monthly Business Survey published on 9 March 2016 1
Manufacture of food products and beverages (15% of value added in manufacturing industry)
Changes in production Balance of opinions, SA-WDA
Inventories and order book level Balance of opinions, SA-WDA
-10
0
10
20
30
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Past production
Trend
Long-term average since 2002
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Inventory level Order book level
Inventory trend Order book trend
February Production Deliveries Orders Inventories Order books
Capacity Utilisation
Rate
Production forecasts
Manufacture of food products and beverages
1 -7 -2 6 3 79
8
Electrical, electronic and computer equipment and other machinery (17% of value added in manufacturing industry)
Total Changes in production
Balance of opinions, SA-WDA Inventories and order book level
Balance of opinions, SA-WDA
-20
-15
-10
-5
0
5
10
15
20
25
30
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Past production
Long-term average since 2002
Trend
-20
-15
-10
-5
0
5
10
15
20
25
30
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Inventory level Order book level
Inventory trend Order book trend
Computer, electronic and optical products (5% of value added)
Changes in production Balance of opinions, SA-WDA
Inventories and order book level Balance of opinions, SA-WDA
-30
-20
-10
0
10
20
30
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Past production
Long-term average since 2002
Trend
-20
-10
0
10
20
30
40
50
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Inventory level Order book level
Inventory trend Order book trend
Business survey at the end of February 2016
Manufacturing industry, market services and construction: sectoral level information
MANUFACTURING INDUSTRY
Period under review: February 2016
BANQUE DE FRANCE – Monthly Business Survey published on 9 March 2016 2
Electrical equipment (4% of value added)
Changes in production Balance of opinions, SA-WDA
Inventories and order book level Balance of opinions, SA-WDA
-30
-20
-10
0
10
20
30
40
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Past production
Long-term average since 2002
Trend
-30
-20
-10
0
10
20
30
40
50
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Inventory level Order book level
Inventory trend Order book trend
Machinery and equipment (8% of value added)
Changes in production Balance of opinions, SA-WDA
Inventories and order book level Balance of opinions, SA-WDA
-20
-10
0
10
20
30
40
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Past production
Long-term average since 2002
Trend
-40
-30
-20
-10
0
10
20
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Inventory level Order book level
Inventory trend Order book trend
February Production Deliveries Orders Inventories Order books
Capacity Utilisation
Rate
Production forecasts
Electrical, electronic and computer equipment and other machinery
-1 -1 -1 6 1 78
1
Computer, electronic and optical products
-1 2 3 5 0 80
1
Electrical equipment 9 7 3 6 14 80
7
Machinery and equipment -5 -5 -9 5 -9 75
0
The aggregated and by sub-sector series are seasonally adjusted separately: the seasonally adjusted series do not represent the sum of the seasonally adjusted components.
Period under review: February 2016
BANQUE DE FRANCE – Monthly Business Survey published on 9 March 2016 3
Transport equipment (14% of value added in manufacturing industry)
Total Changes in production
Balance of opinions, SA-WDA Inventories and order book level
Balance of opinions, SA-WDA
-40
-30
-20
-10
0
10
20
30
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Past production
Long-term average since 2002
Trend
-50
-40
-30
-20
-10
0
10
20
30
40
50
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Inventory level Order book level
Inventory trend Order book trend
Automotive industry (7% of value added)
Changes in production Balance of opinions, SA-WDA
Inventories and order book level Balance of opinions, SA-WDA
-60
-50
-40
-30
-20
-10
0
10
20
30
40
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Past production
Long-term average since 2002
Trend
-90
-80
-70
-60
-50
-40
-30
-20
-10
0
10
20
30
40
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Inventory level Order book level
Inventory trend Order book trend
Other transport equipment (7% of value added)
(Shipbuilding, aircraft and rail construction) Changes in production
Balance of opinions, SA-WDA Inventories and order book level
Balance of opinions, SA-WDA
-2 5
-2 0
-1 5
-1 0
-5
0
5
10
15
20
25
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Past production
Long-term average since 2002
Trend
-20
-10
0
10
20
30
40
50
60
70
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Inventory level Order book level
Inventory trend Order book trend
February Production Deliveries Orders Inventories Order books
Capacity Utilisation
Rate
Production forecasts
Transport equipment 3 5 3 3 27 81 6
Automotive industry 10 16 13 0 15 79 1
Other transport equipment 5 -1 -6 8 40 84 7 T
The aggregated and by sub-sector series are seasonally adjusted separately: the seasonally adjusted series do not represent the sum of the seasonally adjusted components.
Period under review: February 2016
BANQUE DE FRANCE – Monthly Business Survey published on 9 March 2016 4
Other manufacturing (54% of value added in manufacturing industry)
Total
Changes in production Balance of opinions, SA-WDA
Inventories and order book level Balance of opinions, SA-WDA
-25
-20
-15
-10
-5
0
5
10
15
20
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Past production
Trend
Long-term average since 2002
-20
-15
-10
-5
0
5
10
15
20
25
30
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Inventory level Order book level
Inventory trend Order book trend
Textiles, wearing apparel, leather and related products (3% of value added)
Changes in production Balance of opinions, SA-WDA
Inventories and order book level Balance of opinions, SA-WDA
-50
-40
-30
-20
-10
0
10
20
30
40
50
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Past production
Trend
Long-term average since 2002
-25
-20
-15
-10
-5
0
5
10
15
20
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Inventory level Order book level
Inventory trend Order book trend
Wood, paper and printing (6% of value added)
Changes in production Balance of opinions, SA-WDA
Inventories and order book level Balance of opinions, SA-WDA
-25
-20
-15
-10
-5
0
5
10
15
20
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Past production
Trend
Long-term average since 2002
-30
-25
-20
-15
-10
-5
0
5
10
15
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Inventory level Order book level
Inventory trend Order book trend
Period under review: February 2016
BANQUE DE FRANCE – Monthly Business Survey published on 9 March 2016 5
Chemicals industry (8% of value added)
Changes in production Balance of opinions, SA-WDA
Inventories and order book level Balance of opinions, SA-WDA
-20
-10
0
10
20
30
40
50
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Past production
Trend
Long-term average since 2002
-30
-20
-10
0
10
20
30
40
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Inventory level Order book level
Inventory trend Order book trend
Pharmaceutical industry (5% of value added)
Changes in production Balance of opinions, SA-WDA
Inventories and order book level Balance of opinions, SA-WDA
-40
-30
-20
-10
0
10
20
30
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Past production
Trend
Long-term average since 2002
-20
-10
0
10
20
30
40
50
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Inventory level Order book level
Inventory trend Order book trend
Rubber, plastic products and other non-metallic mineral products (10% of value added)
Changes in production Balance of opinions, SA-WDA
Inventories and order book level Balance of opinions, SA-WDA
-40
-30
-20
-10
0
10
20
30
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Past production
Trend
Long-term average since 2002
-40
-30
-20
-10
0
10
20
30
40
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Inventory level Order book level
Inventory trend Order book trend
Period under review: February 2016
BANQUE DE FRANCE – Monthly Business Survey published on 9 March 2016 6
Metal and metal products manufacturing (12% of value added)
Changes in production Balance of opinions, SA-WDA
Inventories and order book level Balance of opinions, SA-WDA
-30
-20
-10
0
10
20
30
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Past production
Trend
Long-term average since 2002
-3 0
-2 0
-1 0
0
10
20
30
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Inventory level Order book level
Inventory trend Order book trend
Other manufacturing industries (10% of value added)
(Including repair and installation of machinery) Changes in production
Balance of opinions, SA-WDA Inventories and order book level
Balance of opinions, SA-WDA
-20
-10
0
10
20
30
40
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Past production
Trend
Long-term average since 2002
-30
-20
-10
0
10
20
30
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Inventory level Order book level
Inventory trend Order book trend
February Production Deliveries Orders Inventories Order books
Capacity Utilisation
Rate
Production forecasts
Other manufacturing 2 1 2 3 5 78
6
Textiles, wearing apparel, leather and related products
-1 -3 8 4 0 78
1
Wood paper and printing 0 -1 0 5 -3 77
5
Chemicals industry 1 -3 1 -3 14 82
5
Pharmaceutical industry -13 1 3 -2 23 80
15
Rubber, plastic products and other non-metallic mineral products
8 5 8 6 2 74 4
Metal and metal products manufacturing
1 2 2 5 -1 75
4
Other manufacturing industries (including repair and installation of machinery)
4 2 0 3 7 82 7
The aggregated and by sub-sector series are seasonally adjusted separately: the seasonally adjusted series do not represent the sum of the seasonally adjusted components.
Period under review: February 2016
BANQUE DE FRANCE – Monthly Business Survey published on 9 March 2016 7
SERVICES
Transport, automotive repair, accommodation and food services (23% of value added in market services)
Total
Changes in activity Balance of opinions, SA-WDA
Changes in staff and prices Balance of opinions, SA-WDA
-40
-30
-20
-10
0
10
20
30
40
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Pas t activity
Long-term average s ince 2002
Trend
-15
-10
-5
0
5
10
15
20
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Staff Price trend Staff trend Prices
Accommodation and food services (13% of value added)
Changes in activity Balance of opinions, SA-WDA
Changes in staff and prices Balance of opinions, SA-WDA
-40
-30
-20
-10
0
10
20
30
40
Fe b-10 Fe b-11 Fe b-12 Fe b-13 Fe b-14 Fe b-15 Fe b-16
Past act iv ity
Long-term average since 2002
Trend
-15
-10
-5
0
5
10
15
20
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Prices Staff Price trend Staff t rend
Transportation and storage (7% of value added)
Changes in activity Balance of opinions, SA-WDA
Changes in staff and prices Balance of opinions, SA-WDA
-40
-30
-20
-10
0
10
20
30
40
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Past activity
Trend
Long-term average since 2002
-15
-10
-5
0
5
10
15
20
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Staff Price trend Staff trend Prices
Period under review: February 2016
BANQUE DE FRANCE – Monthly Business Survey published on 9 March 2016 8
Automotive repair (3% of value added)
Changes in activity
Balance of opinions, SA-WDA Changes in staff and prices
Balance of opinions, SA-WDA
-40
-30
-20
-10
0
10
20
30
40
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Past activity
Trend
Long-term average since 2002
-15
-10
-5
0
5
10
15
20
Fe b-10 Fe b-11 Fe b-12 Fe b-13 Fe b-14 Fe b-15 Fe b-16
Prices Staff Price trend Staff trend
February ActivityActivity
trendDemand Prices Staff
Cash
positions
Activity
forecastsTransport, automotive repair,
accommodation and food services2 2 3 -2 -1 3 5
Accommodation and food services
activities3 -2 3 -1 1 2 5
Transportation and storage 0 4 3 -6 -3 16 7
Automotive repair -9 -3 -11 2 2 -6 7
The aggregated and by sub-sector series are seasonally adjusted separately: the seasonally adjusted series do not represent the sum of the seasonally adjusted components.
Professional, scientific and technical activities and administrative services (52% of value added in market services)
Total
Changes in activity Balance of opinions, SA-WDA
Changes in staff and prices Balance of opinions, SA-WDA
-40
-30
-20
-10
0
10
20
30
40
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Past act iv ity
Long-term average since 2002
Trend
-15
-10
-5
0
5
10
15
20
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Prices Staff Price trend Staff t rend
Period under review: February 2016
BANQUE DE FRANCE – Monthly Business Survey published on 9 March 2016 9
Management consultancy and legal and accounting activities (21% of value added)
Changes in activity Balance of opinions, SA-WDA
Changes in staff and prices Balance of opinions, SA-WDA
-40
-30
-20
-10
0
10
20
30
40
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Past act ivity
Long-term average since 2007
Trend
-15
-10
-5
0
5
10
15
20
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Prices Staff Price trend Staf f t rend
Architecture, engineering, technical testing and analysis activities (9% of value added)
Changes in activity Balance of opinions, SA-WDA
Changes in staff and prices Balance of opinions, SA-WDA
-40
-30
-20
-10
0
10
20
30
40
Fe b-10 Fe b-11 Fe b-12 Fe b-13 Fe b-14 Fe b-15 Fe b-16
Past activity
Long-term average since 2002
Trend
-15
-10
-5
0
5
10
15
20
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Prices Staff Price trend Staff t rend
Advertising and market research (3% of value added)
Changes in activity Balance of opinions, SA-WDA
Changes in staff and prices Balance of opinions, SA-WDA
-40
-30
-20
-10
0
10
20
30
40
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Past act iv ity
Long-term average since 2002
Trend
-20
-15
-10
-5
0
5
10
15
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Prices Staff Price trend Staff trend
Period under review: February 2016
BANQUE DE FRANCE – Monthly Business Survey published on 9 March 2016 10
Administrative and support service activities (19% of value added)
Changes in activity Balance of opinions, SA-WDA
Changes in staff and prices Balance of opinions, SA-WDA
-40
-30
-20
-10
0
10
20
30
40
50
60
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Past act iv ity
Long-term average since 2002
Trend
-30
-20
-10
0
10
20
30
40
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Prices Staff Price trend Staff t rend
O/W activities related to employment (11% of value added)
Changes in activity
Balance of opinions, SA-WDA Changes in staff and prices
Balance of opinions, SA-WDA
-40
-30
-20
-10
0
10
20
30
40
50
60
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Past act iv ity
Long-term average since 2002
Trend
-30
-20
-10
0
10
20
30
40
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Prices Staff Price trend Staff t rend
February ActivityActivity
trendDemand Prices Staff
Cash
positions
Activity
forecasts
Professional scientific and technical
activities and administrative services8 11 6 -3 2 11 11
Management consultancy and legal and
accounting activities1 6 2 2 4 21 16
Architecture, engineering
and technical testing 14 10 11 -2 -3 -5 12
Advertising and market research 19 7 16 0 8 -1 -7
Administrative and support service
activities14 18 12 -6 4 3 25
O/W activities related to employment 16 23 14 -10 4 7 33
The aggregated and by sub-sector series are seasonally adjusted separately: the seasonally adjusted series do not represent the sum of the seasonally adjusted components.
m
Period under review: February 2016
BANQUE DE FRANCE – Monthly Business Survey published on 9 March 2016 11
Information and communication
(19% of value added in market services) Total
Changes in activity Balance of opinions, SA-WDA
Changes in staff and prices Balance of opinions, SA-WDA
-20
-10
0
10
20
30
40
50
60
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Pas t activity
Long-term average s ince 2002
Trend
-30
-20
-10
0
10
20
30
40
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Prices Staff Price trend Staff t rend
Publishing (4% of value added) Changes in activity
Balance of opinions, SA-WDA Changes in staff and prices
Balance of opinions, SA-WDA
-20
-10
0
10
20
30
40
50
60
Fe b-10 Fe b-11 Fe b-12 Fe b-13 Fe b-14 Fe b-15 Fe b-16
Past activity
Long-term average since 2002
Trend
-3 0
-2 0
-1 0
0
10
20
30
40
Fe b-10 Fe b-11 Fe b-12 Fe b-13 Fe b-14 Fe b-15 Fe b-16
Prices Staff Price trend Staff trend
Computer and information services (15% of value added) Changes in activity
Balance of opinions, SA-WDA Changes in staff and prices
Balance of opinions, SA-WDA
-20
-10
0
10
20
30
40
50
60
Fe b-10 Fe b-11 Fe b-12 Fe b-13 Fe b-14 Fe b-15 Fe b-16
Past act iv ity
Long-term average since 2002
Trend
-20
-10
0
10
20
30
40
50
Fe b-10 Fe b-11 Fe b-12 Fe b-13 Fe b-14 Fe b-15 Fe b-16
Prices Staff Price trend Staff t rend
February Activity Activity trend
Demand Prices Staff
Cash positions
Activity forecasts
Information and communication 16 16 16 -5 14 31 12
Publishing 21 16 20 3 9 49 26
Computer and information services 16 16 15 -6 15 27 24
The aggregated and by sub-sector series are seasonally adjusted separately: the seasonally adjusted series do not represent the sum of the seasonally adjusted components.
Period under review: February 2016
BANQUE DE FRANCE – Monthly Business Survey published on 9 March 2016 12
Recreation activities, personal services and activities of households as employers (6% of value added in market services)
Total Changes in activity
Balance of opinions, SA-WDA Changes in staff and prices
Balance of opinions, SA-WDA
-50
-40
-30
-20
-10
0
10
20
30
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Past act iv ity
Long-term average since 2007
Trend
-30
-20
-10
0
10
20
30
40
Feb-10 Feb-11 Feb-12 Feb-13 Feb-14 Feb-15 Feb-16
Prices Staff Price trend Staff t rend
February ActivityActivity
trendDemand Prices Staff
Cash
positions
Activity
forecasts
Recreation activities, personal services
and activities of households as
employers
-4 -9 2 3 5 5 -6
CONSTRUCTION
Construction of residential and Specialised construction activities non-residential buildings (29% of value added) (71% of value added) Changes in activity Changes in activity Balance of opinions, SA-WDA Balance of opinions, SA-WDA
-60
-50
-40
-30
-20
-10
0
10
20
30
40
50
févr.-10 févr.-11 févr.-12 févr.-13 févr.-14 févr.-15 févr.-16
Construction of residential and non-residential buildings Trend
févr.-10 févr.-11 févr.-12 févr.-13 févr.-14 févr.-15 févr.-16
Specialised construction activities Trend
February Activity Order Books Prices Staff Activity forecasts
Construction of residential and
non-residential buildings2 1 -5 0 2
Specialised construction activities 2 6 -1 1 2
The aggregated and by sub-sector series are seasonally adjusted separately: the seasonally adjusted series do not represent the sum of the seasonally adjusted components.