INS: Romanian managers expect prices increase in retail until April

The managers of companies in Romania expect prices increase in retail until April and a moderate increase in the number of employees in services sector, according to the data of the National Institute of Statistics (INS).

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 any statistical indicator value that is produced by the INS. The balance is calculated as a difference between the percentage of respondents who chose the positive alternative of the phenomenon and the percentage of those who indicated the negative alternative.

„In the retail sector, managers estimated moderate growing tendency in the economic activity for the next three months (balance +13 percent).

The volume of orders placed by the trade units to the suppliers of goods will register a moderate growth (balance +9 percent).

Employers forecast a relative stability in the number of employees (balance +4 percent) for the next three months.

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For the next period, managers of trade companies estimate a growth of the retail prices (balance +27 percent),” says the release.

According to the business tendency survey of February 2018, managers from the manufacturing industry forecast a moderate growth of the production volume (balance +9%) for the next three months.

„The highest balance is estimated for the manufacturing of tobacco products, respectively +36 percent. For the prices of the industrial products, a growth is forecasted for the next three months (balance+16 percent). Regarding the number of employees, a relative stability is estimated, the balance being -1 percent per total manufacturing, ” says the release.

Also, in constructions sector there will be a moderate growth in the production volume of the construction activity for the next three months (balance +8 percent), according to INS.  Managers also forecast a stability in the number of employees (balance -5  percent).

According to February 2018 estimations, the demand for services (turnover) will register a  moderate growth for the next three months (balance +6  percent).