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Romania's August business sentiment positive in all sectors

Romania's August business sentiment positive in all sectors Business sentiment Romania

BUCHAREST (Romania), August 28 (SeeNews) - Most company managers in Romania expect stability in manufacturing and growth in retail, construction and services in the next three months, the National Statistical Office (INS) said on Wednesday.

The managers of companies operating in the manufacturing industry expect stable production volumes, with a positive 3% balance, during the next three months, INS said in a monthly business sentiment survey.

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.

An increase is expected in pharmaceuticals and tobacco products manufacturing, with a positive balance of 33% and 28%, respectively. Regarding the number of employees, stability is expected, with a negative balance of 1%, while prices of industrial products are expected to grow moderately, with a positive balance of 8%.

Demand for services is expected to increase in the next three months, showing a balance of 11%. For the services sector, stability in the number of employees is forecast, with a balance of 5%. According to the interviewed managers in the sector, prices will be stable, with the balance here being 4%.

Construction companies expect moderate growth in the production volumes of their business in the next three months, with a balance of 14%. The managers in the construction sector anticipate moderate growth in the number of employees and an increase in the prices of construction works, with a positive balance of 6% and 12%, respectively.

Managers of retail companies expect a rise in economic activity in the next three months, with a positive balance of 20%. The volume of orders placed by trade units to the suppliers of goods will be stable, with a positive balance of 14%. Employers forecast growth in the number of employees in the next three months, with a balance of 11%. The managers expect that retail prices will rise, with a balance of 25%.

A total of 8,847 managers of Romanian-based companies in construction, manufacturing, retail and services were interviewed in the survey.

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