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TRENDS IN THE EVOLUTION OF THE ECONOMIC ACTIVITY IN THE PERIOD AUGUST – OCTOBER 2016
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Growth of activity in retail trade
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Stability of the number of employees in manufacturing, construction and services
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Stability of prices in all economic sectors
The managers in the processing industry, constructions, retail trade and services forecast a moderate increase in their activity over the next three months, reads a National Institute of Statistics (INS) press release sent on Monday.
"The August 2016 conjuncture survey points out that managers in the processing industry forecast for the next three months a moderate increase in the production volume (+8 percent conjunctural balance). The activity of manufacturing other products from non-metal minerals will register a more significant increase (+36 percent conjunctural balance), while the manufacturing of basic pharmaceutical products and formulations will record a moderate decline (-10 percent conjunctural balance). Industrial products prices are forecast to be relatively stable in the next three months (+0 percent conjunctural balance). Referring to the number of employees the managers expect a stable trend, with a +2 percent conjunctural balance over the entire processing industry," the document reads.
According to the August estimates, the construction activity will register a moderate increase in the production volume in the next three months (+10 percent conjunctural balance). Managers also estimate relative stability in the number of employees (+1 percent conjunctural balance). The construction works prices are estimated to be stable (+1 percent conjunctural balance).
In the retail trade sector, managers estimated for the next three months a growing trend in the economic activity (+27 percent conjunctural balance). The volume of orders to goods suppliers will be increasing (+25 percent conjunctural balance).
According to the INS, employers forecast for the next three months a moderate increase in the number of employees (+15 percent conjunctural balance). For the next period, company managers estimate the retail sale prices to be relatively stable (+2 percent conjunctural balance).
"According to the August 2016 estimates, the services demand (turnover) will witness a moderate increase in the next three months (+11 percent conjunctural balance). In the service sector a relative stability in respect to the number of employees is forecast (+4 percent conjunctural balance). According to the managers' opinion, the sale or billing prices of services will be relatively stable (+1 percent conjunctural balance)," the document also reads.