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

Romania's Jan business sentiment worsens in construction

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

BUCHAREST (Romania), January 28 (SeeNews) - Most company managers in Romania expect a drop 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 moderate decrease in production volumes of their business in the next three months, with a negative balance of 9%, 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 7% and a moderate increase in the prices of construction works, with a balance of 11%.

The managers of companies operating in the manufacturing industry expect stable production volumes, with a negative balance of 3% during the next three months. Regarding the number of employees, stability is expected, with a negative balance of 3%, while prices of industrial products are expected to grow moderately, with a positive balance of 10%.

Managers of retail companies expect stability in the economic activity in the next three months, with a balance of 1%. The volume of orders placed by trade units to the suppliers of goods is expected to grow moderately, with a positive balance of 9%. Employers forecast a moderate growth in the number of employees in the next three months, with a positive balance of 14%. The managers expect that retail prices will rise, with a balance of 21%.

Demand for services is expected to be stable in the next three months, with a negative balance of 2%. Managers expect stability in the number of employees working in services, with a balance of 4%. According to the interviewed managers in the sector, prices will be stable, with the balance here being 6%.

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

Compare