Romanian managers estimate retail activity will go up in Feb-Apr 2016

Newsroom 29/02/2016 | 11:32

Romanian company managers estimate that retail activity in the country will go up in February-April 2016, with the number of wage earners in the sector also increasing moderately, according to the Romanian Institute of Statistics (INS). Manufacturing, constructions and services are also expected to go up in the same time period, while price stability is seen by managers as remaining stable across all economic sectors.

For the next three months, managers estimate that economic activity will follow a tendency of relative stability (balance -2 percent), according to INS, and see an increase in the number of employees for the next three months (balance +16 percent). The volume of orders from business units to goods suppliers is expected to see a period of relative stability between February-March 2016 (balance -4 percent), and so are prices in retail (balance +1 percent).

In terms of the manufacturing industry, managers expect relative stability in the volume of production in the next three months (balance +2 percent), reports the INS data. For the manufacturing of base pharmaceutical products and customized pharmaceutical products, there will be a tendency of increase (balance +36 percent), while for drinks manufacturing there will be a sharp tendency of decrease (balance -41 percent). Relative stability is estimated both for prices and for the number of employees (balance +1 percent and -1 percent, respectively).

According to estimates from November 2015, constructions will see a decrease in the production volume (balance -30 percent) and the stock of contracts and orders (balance -16 percent), says INS. Prices are expected to stay relatively stable (balance -2 percent).

Also based on estimates from November 2015, demand for services (the turnover) will see a moderate increase in the next three months (balance +11 percent), with the number of employees staying relatively stable (balance -2 percent). According to the managers, the sales or invoice prices will also remain mostly stable (balance +1 percent), says INS.

Andreea Tint

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