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TRENDS IN THE EVOLUTION OF THE ECONOMIC ACTIVITY IN THE PERIOD JULY – SEPTEMBER 2020

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*Moderate increase of activity in industry and retail trade

*Moderate increase in the number of employees in construction and retail trade

*Price growth in retail trade

Manufacturing

According to the business tendency survey of July 2020, managers from the manufacturing industry forecast a moderate growth of the production volume for the next three months (balance +11%). The manufacturing of beverages will register a robust increase (balance +49%), while the manufacturing of machinery and equipment will decrease (balance -18%).

Regarding the number of employees, a moderate decrease is estimated, the balance being -13% per total manufacturing. For the prices of the industrial products, a relative stability is forecasted for the next three months (balance +5%).

Construction

According to July 2020 estimations, there will be a growth in the production volume of the construction activity for the next three months (balance +23%). Managers forecast a moderate increase in the number of employees (balance +9%). As to the prices of construction works, a moderate growth is forecasted (balance +10%).

Retail trade

In the retail trade sector, managers estimate a moderate increasing trend in the economic activity for the next three months (balance +8). The volume of orders placed by the trade units to the suppliers of goods will register a relative stability (balance +3%).

Employers forecast a moderate increase in the number of employees for the next three months (balance +12%). For the next period, managers of trade companies estimate a growth of the retail prices (balance +23%).

Services

According to July 2020 estimations, the demand for services (turnover) will register a relative stability for the next three months (balance +4%). For the services sector, a relative stability is estimated in the number of employees (balance -4%).

According to the managers, the selling or invoice prices of provisions will register a moderate decreasing trend (balance -14%).  

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