Company managers see layoffs and price increases across all sectors by October

Newsroom 30/08/2010 | 15:05

Managers of companies in Romania forecast that between August and September there will be cuts in the number of employees while prices will grow across all sectors. Managers in the manufacturing industry, services, constructions and retail answered a poll carried out by the National Institute of Statistics as to how they see the next three months.

Managers in the manufacturing industry forecast a moderate downslide tendency in the volume of production (with minus 6 percent * opinion margin). The number of employees will also moderately decrease (with a minus 13 percent opinion margin) per the entire manufacturing industry.

In the constructions sector, the next three months will see a moderate decrease in the volume of production (margin of minus 10 percent) and a decrease in the stock of contracts and orders (minus 17 percent error margin). Managers in constructions industry estimate a cutback in the number of employees (error margin of minus 17 percent), this tendency being the result of large companies with 500 employees and more. Prices for construction works will increase (plus 20 percent margin).

In the retail sector, the activity will decrease over the next three months (minus 24 percent). The total volume of sales will have a moderate decrease (minus 15 percent margin). Also, the number of employees in this sector will moderately decrease (minus 14 percent margin) by October while the price of retail products will have an accelerated growth (plus 51 percent).

The demand for services will also moderately go down (minus 10 percent). In the services sector, employees will decrease over the next three months (minus 16 percent).

* The “opinion margin” is the difference between the percentage of those who chose the positive variant of the phenomenon and those who indicated the negative side