October 28 (SeeNews) - Company managers active in Romania's construction sector expect a decline in their business in the next three months, while relative stability is forecast in manufacturing, retail and services, the National Statistical Office (INS) said on Friday.
Managers of construction companies expect a drop in economic activity in the next three months, with a negative balance of 18%, 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 anticipate a moderate drop in the number of employees, with a negative balance of 8%. Prices of construction works are expected to grow strongly, with a positive balance of 45%.
The managers of companies operating in the manufacturing industry expect stable production volumes, with a positive 1% balance, during the next three months. Regarding the number of employees, stability is expected, with a positive balance of 2%, while prices of industrial products are expected to grow strongly, with a positive balance of 40%.
Managers of retail companies expect stability in economic activity in the next three months, with a negative balance of 5%. The volume of orders placed by trade units to the suppliers of goods will grow moderately, with a positive balance of 14%. Employers forecast stability 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 balance of 48%.
Demand for services is also expected to be stable the next three months, showing a positive balance of 5%. Also, a relative stability in the number of employees is forecast, with a positive balance of 4%. According to the interviewed managers in the sector, prices in services will grow in the following three months, with the balance here being 48%.
A total of 9,142 managers of Romania-based companies operating in construction, manufacturing, retail and services were interviewed in the survey.
In September, managers expected growth of their business in services, while stability was projected in manufacturing, construction and retail, according to earlier INS data.
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