You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Romania's business sentiment worsens in construction in Dec

Romania's business sentiment worsens in construction in Dec Business sentiment Romania

BUCHAREST (Romania), December 28 (SeeNews) - Company managers in Romania expect a drop in construction activity in the next two months and stability in retail and services and manufacturing, the national statistical office, INS, said on Thursday.

The managers of construction companies expect a 37% drop in production volumes and a fall of 25% in the number of employees. Also, they forecast 14% growth in the prices of construction works during January and February, INS said in a monthly business sentiment survey.

Retail companies' managers expect economic activity to be relatively stable at 3% in the following two months. The volume of orders in retail is expected to drop by 6%, while the number of employees is expected grow by 10%. The managers also expect prices to go up strongly, by 23% over the next two months.

Romania's retail sales grew 9.2% year-on-year in the ten months through October, seasonally and working-day adjusted INS data shows.

Sales of services are also expected to be stable at 4% during the next two months. The number of employees are expected to grow moderately, by 10%, while sales prices are expected to go up by 23%, according to the survey.

Managers from the manufacturing sector expect stable production volumes in the next two months. Regarding the number of employees, relative stability is forecast, while prices of industrial products are expected to rise by 14%.

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