The Companies Survey for the second quarter of 2015 reflects continued moderate expansion of business sector activity, which is reflected in the weighted net balance which remained virtually unchanged compared with the previous quarter (Figure 1 and Table 1).  There are negative balances in some industries, such as hotels, manufacturing and trade.  In contrast, net balances are positive in the construction and services industries. The moderate rate of expansion of activity in the second quarter is seen both in domestic sales and in exports. The expectations reported by companies in the current survey are for continued moderate increase of activity with variance between the various industries: a higher rate in the construction and services industries, and a particularly moderate rate of growth in manufacturing.