INS: Romanian managers expect across-the-board growth through to June

Simona Bazavan 28/04/2017 | 14:27

Romanian managers expect business to grow in all economic sectors between April and May, an increase in the number of employees in constructions and a moderate growth of prices in constructions and retail trade, according to a business tendency survey conducted by the National Institute for Statistics (INS).

Managers from the manufacturing industries forecast that the production volume will go up (balance +16 percent). A significant growth tendency is expected in the production of beverages (balance +62 percent). Prices of industrial products are expected to remain relatively stable over the next three months (balance +5 percent) the same as with the number of employees in the industry (balance +3 percent) per total manufacturing.

The production volume in constructions is projected to go up (balance +38 percent).  Managers also see the number of employees going up (balance +16 percent). As to the prices of construction works, a moderate growth is forecasted (balance +10 percent).

In  the  retail  trade  sector,  managers  estimate  a  growth  tendency  in  the  economic  activity  for  the  next three months (balance +34 percent). Growth is forecasted in the volume of orders placed by the trade units to the suppliers of goods (balance +27 percent). Managers  forecast  a  relative  stability  in  the  number  of  employees (balance  +5 percent)  for  the  next  three months. Managers of trade companies also estimate a moderate growth of the retail prices (balance +14 percent) through to June.

Demand for services (turnover) will post growth over the next three months (balance +17 percent) while the number of employees will remain relatively stable (balance +4 percent).

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

Simona Bazavan

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