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TRENDS IN THE EVOLUTION OF THE ECONOMIC ACTIVITY IN THE PERIOD NOVEMBER 2019 – JANUARY 2020

  • Relative stability of activity in manufacturing and retail trade ? Relative stability in the number of employees in manufacturing and services

  • Moderate price growth in manufacturing and construction

Manufacturing

According to the business tendency survey of November 2019, managers from the manufacturing industry forecast a relative stability of the production volume (balance -1%) for the next three months. A growth is estimated for the manufacturing of other transport equipment (+25%). Regarding the number of employees, a relative stability is estimated, the balance being -3% per total manufacturing. For the prices of the industrial products, a moderate growth is forecasted for the next three months (balance +6%).

Construction

According to November 2019 estimations, there will be a decrease in the production volume of the construction activity for the next three months (balance -24%). Managers forecast a moderate decrease in the number of employees (balance -11%). As to the prices of construction works, a moderate growth is forecasted (balance +7).

Retail trade

In the retail trade sector, managers estimate a relative stability in the economic activity for the next three months (balance 0%). The volume of orders placed by the trade units to the suppliers of goods will register a relative stability (balance -1%). Employers forecast a moderate growth in the number of employees (balance +15%) for the next three months. For the next period, managers of trade companies estimate a growth of the retail prices (balance +18%).

Services

According to November 2019 estimations, the demand for services (turnover) will register a moderate growth for the next three months (balance +7%). For the services sector it is forecasted a relative stability in the number of employees (balance +1%). According to the managers, the selling or invoice prices of provisions will register a relative stability trend (balance +5%).

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Friday, November 29, 2019