The Companies Survey for the fourth quarter of 2015 indicates a slight recovery in business sector activity, reflected in a statistically significant positive weighted net balance (Figure 1 and Table 1). The expansion of activity is especially notable in the services industry, trade industry, and transport and communications industry. In contrast, in the manufacturing, construction, and hotels industries the net balances are closer to zero and indicate essentially no change in the level of activity. In most industries, expansion is driven by domestic demand, while demand from abroad continues to show weakness. The expectations for the next quarter are positive in the services, trade, construction and transport and communications industries, while in manufacturing, and primarily in hotels, the companies expect a contraction of activity.
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