August 29 (SeeNews) - Most company managers in Romania expect moderate growth in retail and stability in manufacturing, construction and services in the next three months, the National Statistical Office (INS) said on Monday.
The managers of companies operating in retail expect a moderate rise in economic activity in the next three months, with a positive balance of 12%, INS said in a monthly business sentiment survey.
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The balance is calculated as the difference between the percentage of respondents who expect positive developments and the percentage of those whose expectations are negative. A positive of negative balance of up to 5% indicates relative stability; from positive or negative 6% to 15% means moderate growth and moderate decrease, respectively.
The volume of orders placed by trade units to the suppliers of goods will also grow moderately, with a positive balance of 10%. Employers forecast a moderate growth in the number of employees in the next three months, with a positive balance of 14%. The managers expect that retail prices will register a significant advance, with a balance of 49%.
The managers of companies operating in the manufacturing industry expect stable production volumes, with a positive 3% balance, during the next three months. Regarding the number of employees, stability is expected, with a positive balance of 0%, while prices of industrial products are expected to grow strongly, with a positive balance of 35%.
Demand for services is also expected to be stable the next three months, showing a balance of 5%. Also, a relative stability in the number of employees is forecast, with a negative balance of 1%. According to the interviewed managers in the sector, prices in services will grow in the following three months, with the balance here being 24%.
Construction companies expect stability in the production volumes of their business in the next three months, with a positive balance of 2%. The managers in the construction sector anticipate stability in the number of employees, with a negative balance of 2%. Prices of construction works are expected to grow strongly, with a positive balance of 44%.
A total of 8,987 managers of Romania-based companies operating in construction, manufacturing, retail and services were interviewed in the survey.
In July, managers expected growth of their business in retail, construction and services, while stability was projected in manufacturing, according to earlier INS data.
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