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Negative business sentiment prevails in Romania's construction, retail in Jan

Negative business sentiment prevails in Romania's construction, retail in Jan Business sentiment Romania

BUCHAREST (Romania), January 29 (SeeNews) - A majority of company managers in Romania expect a drop in construction and retail activities in the next three months and stability in services and manufacturing, the national statistical office, INS, said on Monday.

The managers of construction companies forecast a decrease in the production volume of their business in the next three months, with a balance of -18%.

The balance is calculated as the difference between the percentage of respondents who chose the positive alternative of the phenomenon and the percentage of those who indicated the negative alternative.

Managers also forecast a moderate decrease in the number of employees (balance -14%). As to the prices of construction works,a growth is forecasted (balance +19%), INS said in a monthly business sentiment survey.

Retail companies' managers estimate a moderate decreasing tendency in the economic activity for the next three months (balance -7%).
The volume of orders placed by the trade units to the suppliers of goods will register a moderate decrease (balance -8%). Employers forecast a relative stability in the number of employees (balance +3%) for the next three months. For the next period, managers of trade companies estimate a growth of the retail prices (balance +22%)

Romania's retail sales grew 9.4% year-on-year in the eleven months through November 2017, seasonally and working-day adjusted INS data shows.

According to January estimations, the demand for services will register a relative stability for the next three months (balance 0%). For the services sector, a moderate growth in the number of employees is forecast (balance +6%). According to the managers, the selling or invoice prices will register a trend of moderate growth (balance +9%).

Managers from the manufacturing industry forecast a relative stability of the production volume (balance +4%) for the next three months. A decreasing tendency (balance -33%) is estimated for the manufacturing of tobacco products.For the prices of the industrial products, a moderate growth is forecast for the next three months (balance +14%). Regarding the number of employees, a relative stability is estimated, the balance being 0% per total manufacturing.

A total of 8,216 managers of Romanian-based companies from construction, manufacturing, retail, and services were interviewed in the survey.