Romanian managers expecting increases in all economic areas, July to September

Managers in Romania expect an increase in manufacturing, construction, retail trade and services, a moderate advance in the number of employees in construction, retail trade and services, and moderate price increases, according to the estimates of economic activities in July – September 2018 released on Friday by the National Institute of Statistics (INS). In the July 2018 business survey, managers in the manufacturing industry forecast a moderate increase in output over the next three months of 7 percent. Tobacco products should also record a growth trend of 29 percent, while beverage production should advance 26 percent. Regarding the number of employees, relative stability is expected, with a 3-percent increase in the manufacturing industry overall. Prices for industrial products are expected to grow moderately over the next three months by 7 percent. According to July 2018 estimates, production volume should increase in construction by 18 percent over the next three months. Managers expect relative stability of the number of employees, just 4-percent growth. As for construction producer prices, moderate growth is expected of 12 percent. In the retail trade sector, managers expect a 25-percent increase in economic activity over the next three months. Commodity orders from traders should advance 14 percent. Employers forecast a 12-percent increase in employment over the next three months. For the next period, managers of commercial companies estimate retail trade prices to rise by 21 percent. Demand for services should grow moderately over the next three months by 9 percent. In the services sector, employment is expected to advance 5 percent. Sales and billing prices should advance 2 percent.

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