The Companies Survey for the third quarter of 2015 reflects continued moderate expansion of business sector activity, which is reflected in the weighted net balance which remained near zero, similar to the previous two quarters (Figure 1 and Table 1).  With that, there is variance between the major industries.  The net balance in the manufacturing industry is very negative, in the trade, services, and transport and communications industries it indicates no change in the level of activity, and in the construction and hotels industries, the net balance is positive. The expectations for the next quarter reported by companies in the current survey are more positive, and encompass the services, transportation and communications, and construction industries, while expectations in the manufacturing industry are for continued contraction.