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TRENDS IN THE EVOLUTION OF THE ECONOMIC ACTIVITY IN THE PERIOD FEBRUARY – APRIL 2020
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Growth of activity in construction and retail trade
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Relative stability in the number of employees in manufacturing and services
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Moderate price growth in manufacturing, construction and services
Manufacturing
According to the business tendency survey of February 2020, managers from the manufacturing industry forecast a moderate growth of the production volume (balance +8%) for the next three months. The highest growth is estimated for the manufacturing of tobacco products (balance +32%), followed by the manufacturing of paper and paper products (balance +22%).
Regarding the number of employees, a relative stability is estimated, the balance being -1% per total manufacturing. For the prices of the industrial products, a moderate growth is forecasted for the next three months (balance +10%).
Construction
According to February 2020 estimations, there will be a growth in the production volume of the construction activity for the next three months (balance +16%). Managers forecast a moderate growth in the number of employees (balance +6%). As to the prices of construction works, a moderate growth is forecasted (balance +13%).
Retail trade
In the retail trade sector, managers estimate a growth in the economic activity for the next three months (balance +19%). The volume of orders placed by the trade units to the suppliers of goods will register a growth (balance +17%). Employers forecast a moderate growth in the number of employees (balance +10%) for the next three months. For the next period, managers of trade companies estimate a growth of the retail prices (balance +20%).
Services
According to February 2020 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 +3%). According to the managers, the selling or invoice prices of provisions will register a moderate growth trend (balance +8%).