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Romania's Feb business sentiment worsens in retail - survey

Romania's Feb business sentiment worsens in retail - survey Romania's Feb business sentiment Source: INS

BUCHAREST (Romania), February 28 (SeeNews) - Company managers active in Romania's retail sector expect a decline in their business in the next three months, while relative stability is forecast in services, the National Statistical Office (INS) said on Monday.

Managers of retail companies expect a drop in economic activity in the next three months, with a negative 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 volume of orders placed by trade units to the suppliers of goods is expected to be stable - the balance is 0%. Employers expect moderate growth in the number of employees in the next three months, with a positive balance of 11%. The managers expect that retail prices will rise strongly, with a balance of 43%.

Construction companies expect a moderate rise in their production volumes in the next three months, with a negative balance of 12%.The managers in the construction sector anticipate the number of employees to be stable, with a balance of 0% . Prices of construction works are expected to grow strongly, with a positive balance of 52%.

The managers of companies operating in the manufacturing industry expect moderate growth in production volumes, with a 0% balance, during the next three months. A strong increase is expected in manufacturing of coke and refined petroleum products, with a positive balance of 34%. Regarding the number of employees, stability is expected, with a positive balance of 4%, while prices of industrial products are expected to grow, with a positive balance of 42%.

Demand for services is expected to be stable in the next three months, showing a positive balance of 5%, according to the survey. Also, a relative stability in the number of employees is forecast, with a negative balance of 2%. Most of the interviewed managers in the sector expect that prices in services will grow in the following three months, with the balance here being 30%.

A total of 8,987 managers of Romania-based companies operating in construction, manufacturing, retail and services were interviewed in the survey.

In January, business sentiment was negative in construction and retail, ans stable in services and manufacturing, according to earlier INS data.

(1 euro=4.9489 lei)

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