Romania’s managers estimate price increases in retail and constructions within the next 3 months

The company managers forecast price increases in all major sectors of Romania’s economy until July, the highest price growth rates being estimated in retail and constructions, according to a survey released by the National Institute of Statistics (INS).

The adjusted series of the balances of answers, calculated as the difference between the weight of positive and that of negative answers in total answers, show that managers expect price increases in retail (balance of answers +18 percent), constructions (+18 percent), manufacturing (+10 percent) and services (+7 percent).

The managers also expect a slight increase of employment in all sectors: constructions (balance of answers +9 percent), services (+7 percent), retail (+5 percent) and manufacturing sector (+4 percent).

High demand is expected to support the economic activity until July in constructions (+29 percent), retail (+25 percent), services (+17 percent) and manufacturing sector (+14 percent), the company managers forecast.