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BUCHAREST (Romania), February 28 (SeeNews) - A 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 Wednesday.
The managers of construction companies forecast a moderate growth of the production volume of their business in the next three months, with a balance of +9%.
The balance is calculated as the difference between the percentage of respondents who choose the positive alternative of the phenomenon and the percentage of those who indicated the negative alternative.
Managers also forecast a relative stability in the number of employees (balance -1%). As to the prices of construction works, growth is forecast (balance +16%), INS said in a monthly business sentiment survey.
Retail companies' managers expect moderate growth in the economic activity in the next three months (balance +13%). The volume of orders placed by the trade units to the suppliers of goods will register a moderate pace of growth (balance +9%). Employers forecast a relative stability in the number of employees (balance +4%) in the next three months. The managers of trade companies expect that retail prices will rise (balance +27%)
Romania's retail sales grew 10.7% year-on-year in 2017, seasonally and working-day adjusted INS data shows.
According to February estimates, the demand for services will register a moderate growth for the next three months (balance +6%). For the services sector, a moderate growth in the number of employees is forecast (balance +4%). According to the managers, retail prices will register a trend of growth (balance +27%).
Managers from the manufacturing industry forecast a moderate growth of the production volume (balance +9%) for the next three months. A high growth (balance +37%) is estimated for the manufacturing of tobacco products. For the prices of the industrial products, a growth is forecast for the next three months (balance +16%). Regarding the number of employees, a relative stability is expected, the balance being -1% per total manufacturing.
A total of 8,216 managers of Romanian-based companies from construction, manufacturing, retail, and services were interviewed in the February survey.