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Romania's business sentiment remains positive across sectors in June

Romania's business sentiment remains positive across sectors in June Business sentiment Romania

BUCHAREST (Romania), June 28 (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 Thursday.

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 23%, 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 share of those whose expectations are negative.

The managers anticipate moderate growth in the number of employees and in the prices of construction works, showing a positive balance of 8% and 14%, respectively.

Retail companies' managers expect an uptrend in economic activity in the next three months, with a 19% 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 23%. Employers forecast a moderate growth in the number of employees in the next three months, with a balance of 12%. The managers of trade companies expect that retail prices will rise, with a balance of 21%.

Demand for services is expected to register growth in the next three months, showing a positive balance of 13%. For the services sector, moderate growth in the number of employees is forecast, the balance being 7%. According to the managers, retail prices will be relatively stable, as the balance here is 4%.

Managers from the manufacturing industry expect moderate growth of production volume, with a 9% balance, for the next three months. Intensive growth, with a 40% balance, is expected in the manufacturing of beverages products, while in the production of pharmaceuticals, a drop is expected, as the balance is negative 12%. For prices of industrial products, growth is forecast for the next three months, with 9% 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 June survey.

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