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Romania's business sentiment remains mostly positive across sectors in Aug

Romania's business sentiment remains mostly positive across sectors in Aug Business sentiment Romania

BUCHAREST (Romania), August 28 (SeeNews) - The majority of company managers in Romania expect growth in construction and retail, while in manufacturing and services they expect stability in the August-October period, the National Statistical Office, INS, said on Tuesday.

The managers of construction companies forecast strong growth of the production volume of their business in the next three months, with a positive balance of 12%, 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.

The managers in the construction sector anticipate relative stability in the number of employees and in the prices of construction works, showing a positive balance of 4% and 14%, respectively.

Retail companies' managers expect an uptrend in economic activity in the next three months, with a 22% balance. The volume of orders placed by trade units to the suppliers of goods will register a moderate pace of growth, with a balance of 18%. Employers forecast a moderate growth in the number of employees in the next three months, with a balance of 13%. The managers expect that retail prices will rise moderately, with a balance of 14%.

Demand for services is expected to be relatively stable in the next three months, showing a positive balance of 5%. For the services sector, a relative stability in the number of employees is forecast, the balance being 1%. According to the managers in the sector, retail prices will be relatively stable, as the balance here is 3%.

Managers from the manufacturing industry expect moderate growth of production volume, with a 5% balance, during the three months through September. Strong growth, with a 33% balance, is expected in the manufacturing of tobacco products. For prices of industrial products, moderate growth is forecast for the three-month period, with 7% 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 survey.

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