May 29 (SeeNews) - Company managers active in Romania's construction, manufacturing, retail, and services sectors expect their business to grow in the next three months, the National Statistical Office (INS) said on Monday.
Managers of construction companies foresee acceleration of their economic activity in the next three months, with a positive balance of 28%, 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.
Managers in the construction sector anticipate moderate growth in the number of employees, with a positive balance of 12%. Prices of construction works are expected to grow strongly, with a positive balance of 34%.
The managers of companies operating in the manufacturing industry expect a moderate growth of their production volumes, with a positive 7% balance, during the next three months. Regarding the number of employees, stability is expected, with a positive balance of 2%, while prices of industrial products are expected to grow strongly, with a positive balance of 16%.
Managers of retail companies expect growth of their economic activity over the next three months, with a positive balance of 20%. The volume of orders placed by trade units to the suppliers of goods will grow moderately, with a positive balance of 11%. Employers forecast moderate growth in the number of employees in the next three months, with a positive balance of 12%. The managers expect that retail prices will rise strongly, with a balance of 24%.
Demand for services is expected to register moderate growth in the next three months, with a positive balance of 10%. Also, a moderate growth in the number of employees is forecast, with a positive balance of 12%. According to the interviewed managers in the sector, prices in the services sector will grow in the following three months, with the balance here being 24%.
A total of 9,142 managers of Romania-based companies operating in construction, manufacturing, retail and services were interviewed in the survey.
In March, managers expected growth of their business in construction, manufacturing, and services, while relative stability was projected in retail.