April 28 (SeeNews) - Most company managers in Romania expect a strong drop in manufacturing, retail, construction and services activities in the next three months, the National Statistical Office (INS) said on Tuesday.
The managers of companies operating in the manufacturing industry expect significantly lower production volumes, with a negative 70% balance, during the next three months, 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 strong drop is expected in manufacture of coke oven products and products obtained from crude oil processing and manufacture of road transport vehicles, trailers and semi-trailers, with a negative balance of 97% and 91%, respectively. Regarding the number of employees, a drop is expected, with a negative balance of 40%, while prices of industrial products are expected to be stable in the following three months.
Demand for services is expected to drop strongly in the next three months, showing a negative balance of 62%. For the services sector, a drop in the number of employees is forecast, with a negative balance of 37%. According to the interviewed managers in the sector, prices will drop moderately, with the negative balance here being 14%.
Construction companies expect a strong drop in the production volumes of their business in the next three months, with a negative balance of 57%. The managers in the construction sector anticipate a drop in the number of employees and in the prices of construction works, with a negative balance of 40% and 10%, respectively.
Managers of retail companies expect a drop in economic activity in the next three months, with a negative balance of 58%. The volume of orders placed by trade units to the suppliers of goods will be lower, with a negative balance of 35%. Employers forecast a drop in the number of employees in the next three months, with a negative balance of 25%. The managers expect that retail prices will rise, with a positive balance of 16%.
A total of 8,847 managers of Romanian-based companies in construction, manufacturing, retail and services were interviewed in the survey.