Construction managers expect volumes to drop 22 pct for next three months

According to the business tendency survey of October 2015 published by the National Institute for Statistics (INS), managers in manufacturing and retail trade forecast a relative stability until the end of the year for their sectors, while construction managers foresee decreases both in production and orders. Services managers have an optimistic view of their industry, expecting growth in demand.

Manufacturing is expected to stay on a stable trail for the next three months, with a 5 percent balance increase. Basic pharmaceutical products and pharmaceutical preparations will see a rising tendency (+28 percent), according to managers, while beverages will see a decline of about 39 percent.

Relative stability is foreseen for prices of industrial products (balance 0 percent) and for the number of employees (a 1 percent increase per total manufacture).

Retail trade is also expected to stay within the same parameters for the next three months, managers forecasting a moderate increase in the number of employees (+11 percent), a moderate decrease (‐15 percent) for the volume of orders placed and a relative stability of selling prices (+3 percent).

The business tendency survey shows construction managers estimate there will be a decrease in the production volume of the construction activity for the next three months (‐22 percent) and in the stock of contracts and orders (‐23 percent). Managers forecast a moderate decrease in the number of employees (‐11 percent). As to the prices of construction works, a relative stability is forecast (‐1 percent).

In services turnover is expected to have a moderate 10 percent growth, while the number of employees and prices are expected to stay stable (+1 percent and +2 percent respectively).

Natalia Martian