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Romania's business sentiment predominantly positive across sectors in May

Romania's business sentiment predominantly positive across sectors in May Business sentiment Romania

BUCHAREST (Romania), May 29 (SeeNews) - The majority of company managers in Romania expect growth in manufacturing, construction, services and retail in the next three months, the National Statistical Office, INS, said on Tuesday.

The managers of construction companies forecast moderate growth of the production volume of their business in the next three months, with a positive balance of 29%, INS said in a monthly business sentiment survey.

The managers also anticipate moderate growth in the number of employees and growth in the prices of construction works, showing a positive balance of 18%.

The balance is calculated as the difference between the percentage of respondents who expect positive developments and the share of those whose expectations are negative.

Retail companies' managers expect an uptrend in economic activity in the next three months, with a 25% balance. The volume of orders placed by  trade units to the suppliers of goods will register a steady pace of growth, with a balance of 21%. Employers forecast stability in the number of employees in the next three months. The managers of trade companies expect that retail prices will rise, with a balance of 28%.

Demand for services is expected to register growth in the next three months, showing a positive balance of 17%. For the services sector, moderate growth in the number of employees is forecast, the balance being 7%. According to the managers, retail prices will register moderate growth, as the balance here is 7%.

Managers from the manufacturing industry expect moderate growth of production volume, with a 14% balance, for the next three months. Intensive growth, with a 47% balance, is expected in the manufacturing of beverages products, while in the production of pharmaceuticals, a drop is expected, as the balance is negative 27%. For prices of industrial products, growth is forecast for the next three months, with 10% balance. Regarding the number of employees, a relative stability is expected.

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

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