INS: Romanian managers expect across-the-board growth through to June

Romanian managers expect business to grow in all economic sectors between April and May, an increase in the number of employees in constructions and a moderate growth of prices in constructions and retail trade, according to a business tendency survey conducted by the National Institute for Statistics (INS).

Managers from the manufacturing industries forecast that the production volume will go up (balance +16 percent). A significant growth tendency is expected in the production of beverages (balance +62 percent). Prices of industrial products are expected to remain relatively stable over the next three months (balance +5 percent) the same as with the number of employees in the industry (balance +3 percent) per total manufacturing.

The production volume in constructions is projected to go up (balance +38 percent). Managers also see the number of employees going up (balance +16 percent). As to the prices of construction works, a moderate growth is forecasted (balance +10 percent).

In the retail trade sector, managers estimate a growth tendency in the economic activity for the next three months (balance +34 percent). Growth is forecasted in the volume of orders placed by the trade units to the suppliers of goods (balance +27 percent). Managers forecast a relative stability in the number of employees (balance +5 percent) for the next three months. Managers of trade companies also estimate a moderate growth of the retail prices (balance +14 percent) through to June.

Demand for services (turnover) will post growth over the next three months (balance +17 percent) while the number of employees will remain relatively stable (balance +4 percent).

The balance indicates the managers’ perception of the dynamics of a phenomenon, which should not be seen as the intensity of increase or decrease of the statistical indicator value, points out the INS.

Simona Bazavan