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Romania's Dec business sentiment worsens in construction

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

BUCHAREST (Romania), January 7 (SeeNews) - Most company managers in Romania expect a decline in construction activity in the next three months as well as stability in manufacturing, retail and services, the national statistical office, INS, said on Tuesday.

Construction companies expect a drop in production volumes of their business in the next three months, with a negative balance of 32%, 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.

Managers in the construction sector anticipate a moderate decrease in the number of employees with a negative balance of 15% and a moderate increase in the prices of construction works, with a balance of 9%.

The managers of companies operating in the manufacturing industry expect stable production volumes, with a balance of 5% during the next three months. Regarding the number of employees, stability is expected, with a negative balance of 4%, while prices of industrial products are expected to grow moderately, with a positive balance of 8%.

Managers of retail companies expect stability in the economic activity in the next three months, with a balance of 3%. The volume of orders placed by trade units to the suppliers of goods is expected to be stable, with a negative balance of 2%. Employers forecast a moderate growth in the number of employees in the next three months, with a positive balance of 114%. The managers expect that retail prices will rise, with a balance of 26%.

Demand for services is expected to grow moderately in the next three months, showing a positive balance of 3%. Managers expect stability in the number of employees working in services, with a balance of 2%. According to the interviewed managers in the sector, prices will be stable, with the balance here being 5%.

A total of 8,847 managers of Romanian-based companies in construction, manufacturing, retail and services were interviewed in the survey.

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