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Company managers in Romania expect growth in manufacturing, construction, services and retail în March - May 2018

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  • Increase of activity in construction and retail trade ? Moderate growth in the number of employees in construction, retail trade and services

  • Price growth in construction and retail trade

The majority of company managers in Romania expect growth in manufacturing, construction, services and retail in the next three months, the National Statistical Office, INS, said on Wednesday.

The managers of construction companies forecast a moderate growth of the production volume of their business in the next three months, with a positive balance of 24%. The balance is calculated as the difference between the percentage of respondents who expect positive developments and the share of those whose expectations are negative.

Managers also forecast a moderate growth in the number of employees and the prices of construction works, INS said in a monthly business sentiment survey.

Retail companies' managers expect an uptrend in economic activity in the next three months, with a 20% balance. The volume of orders placed by the trade units to the suppliers of goods will register a moderate pace of growth. Employers forecast a moderate growth in the number of employees in the next three months. The managers of trade companies expect that retail prices will rise, as the balance here is 23%.

Demand for services is expected to register moderate growth in the next three months, showing a positive balance of 12%. For the services sector, a moderate growth in the number of employees is forecast, the balance being 7%. According to the managers, retail prices will register a moderate growth, as the balance here is 12%.

Managers from the manufacturing industry forecast a moderate growth of production volume, with a 13% balance, for the next three months. A high growth, with a 44% balance, is expected in the manufacturing of beverages products. For the prices of the industrial products, growth is forecast for the next three months, with 12% balance. Regarding the number of employees, relative stability is expected.

A total of 8,216 managers of Romanian-based companies from construction, manufacturing, retail, and services were interviewed in the March survey.

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