January 28 (SeeNews) - Most company managers in Romania's construction, retail and services sectors expect their business to shrink in the next three months, while a relative stability is forecast in manufacturing, the National Statistical Office (INS) said on Thursday.
The managers of construction companies expect a drop in the production volumes of their business in the next three months, with a negative balance of 15%, INS said in a monthly business sentiment survey.
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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 managers in the construction sector also expect a moderate decrease in the number of employees and a moderate increase in the prices of construction works, with a negative balance of 6% and a positive one of 10%, respectively.
The managers of retail companies expect a moderate drop in economic activity in the next three months, with a negative balance of 7%.
The volume of orders placed by trade units to the suppliers of goods will be relatively stable, with a positive balance of 3%. Employers forecast a moderate rise in the number of employees in the next three months, with a positive balance of 11%. The managers expect that retail prices will rise, with a positive balance of 13%.
Demand for services is expected to slow down in the next three months, showing a negative balance of 15%. Also, a relative stability is forecast in the number of employees in the services sector, with a negative balance of 3%. According to the interviewed managers in the sector, services prices will be stable in the following three months, with the positive balance here being 3%.
The managers of companies operating in the manufacturing industry expect production volumes to be stable in the following three months, with a balance of 0%. Regarding the number of employees, a relative stability is expected, with a negative balance of 4%, while prices of industrial products are expected to moderately increase in the following three months, with a positive balance of 9%.
A strong increase is forecast for the manufacturing of road transport vehicles, trailers and semi-trailers over the next trimester, with a positive balance of 25%.
A total of 8,987 managers of Romanian-based companies in construction, manufacturing, retail and services were interviewed in the survey.