INS: Romanian managers expect cross industry growth through to September

Romanian managers forecast growth for all sectors of the Romanian economy – from industry, constructions to services and commerce – for the July-September period and a moderate growth of prices in all fields, according to data released this Friday by the National Institute of Statistics (INS).

According to the business tendency survey of July 2017, managers from the manufacturing industries forecast moderate growth of the production volume (balance +8 percent) for the next three months. For the manufacture of tobacco and for the manufacture of beverages a significant growth tendency is expected (balances +43 percent and +41 percent, respectively).

For the prices of the industrial products, a moderate growth is forecast for the next three months (balance +7 percent). Regarding the number of employees, a relative stability is forecast, the balance being +3 percent per total manufacturing.

In the field of constructions, managers see a moderate growth of the production volume for the next three months (balance +15 percent). Managers forecast a relative stability in the number of employees (balance +5 percent). As to the prices of construction works, a moderate growth is forecast (balance +9 percent).

In the retail trade sector, managers estimate a growth tendency in the economic activity for the next three months (balance +22 percent). Growth is forecast in the volume of orders placed by the trade units to the suppliers of goods (balance +24 percent). Employers forecast a moderate growth in the number of employees (balance +9 percent) for the next three months.

For the next period, managers of the trade companies estimate a moderate growth of the retail prices (balance +6 percent).

According to July 2017 estimations, the demand for services (turnover) will register a moderate growth for the next three months (balance +13 percent). For the services sector it is forecast a moderate growth in the number of employees (balance +6 percent). According to the managers, the selling or invoice prices of provisions will register a trend of relative stability (balance +1 percent).

The balance indicates the perception of the companies’ managers over the dynamics of a phenomenon, which should not be seen as the intensity of increase or decrease of the statistical indicator value, according to the INS.