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Romania's March business sentiment positive in all sectors

Romania's March business sentiment positive in all sectors License: CC0 Creative Commons

BUCHAREST (Romania), March 28 (SeeNews) - Most company managers in Romania expect growth in manufacturing, construction, services and retail in the next three months, the National Statistical Office, INS, said on Thursday.

The managers of companies operating in the manufacturing industry expect moderate production volumes, with a positive 15% balance, during the next three months, 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.

An increase is expected in beverages production, with a positive 40% balance. For prices of industrial products, a moderate growth is forecast for the three-month period, with a positive balance of 13%. Regarding the number of employees, stability is expected, with a balance of 2%.

Demand for services is expected to increase in the next three months, showing a balance of 10%. For the services sector, stability in the number of employees is forecast, the balance being 5%. According to the interviewed managers in the sector, prices will rise, with the balance here being 29%.

Construction companies expect a growth in the production volumes of their business in the next three months, with a balance of 28%. The managers in the construction sector anticipate moderate growth in the number of employees and an increase in the prices of construction works, with positive balances of 11% and 26%, respectively.

Managers of retail companies expect a rise in economic activity in the next three months, with a positive balance of 18%. The volume of orders placed by trade units to the suppliers of goods will register a moderate drop, with a positive balance of 16%. Employers forecast growth in the number of employees in the next three months, with a balance of 12%. The managers expect that retail prices will rise, with a balance of 29%.

A total of 8,408 managers of Romanian-based companies in construction, manufacturing, retail and services were interviewed in the survey.

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