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TRENDS IN THE EVOLUTION OF THE ECONOMIC ACTIVITY IN THE PERIOD JULY – SEPTEMBER 2016
*Growth of activity in construction and trade and moderate growth in services and industry *For the construction sector – tendency of moderate growth of the number of employees *Stability of the prices in industry, construction and services
Managers expect construction and retail trade activities to grow July through September, and also see moderate growth in services and industry, reveals the short-term inquiry conducted this July by the National Institute of Statistics (INS) and released on Thursday.
Managers in the manufacturing industry expect a moderate growth in the output volume in the coming three months (short-term balance +8 pct). The manufacturing of other non-metallic mineral products will see an upward trend (short term balance +31 pct), whereas the manufacturing of basic pharmaceuticals and pharmaceutical preparations will follow a downward trend (short term balance -24 pct).
The projection for prices of industrial goods is of relative stability in the next three months (short-term balance +1 pct). The number of employees too is expected to stay relatively stable, with a short term balance of +3 percent for the manufacturing industry overall.
According to July 2016 estimates, in the following three months the construction sector will see a boost in the production volume (short-term balance + 21 pct). The managers estimate a moderate increase in the number of employees (short-term balance +7 pct). Construction work prices are expected to stay relatively stable (short-term balance +5 pct).
In the retail trade sector managers expect economic activity to follow an upward trend (short-term balance +16 pct) and the volume of orders to suppliers of goods to grow moderately (short-term balance +11 pct). The employers forecast for the next three months a decline in the number of employees (short-term balance - 17 pct) and a moderate advance in retail prices (short-term balance +9 pct).
According to July 2016 estimates, the demand for services (turnover) will increase moderately in the next three months (short-term balance +15 pct). The number of employees in the service sector is expected to stay relatively stable (short-term balance +4 pct). According to the managers, selling or billing prices will flatline (short-term balance +0 pct).