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Managers in Romania are expecting price increases in all areas for year-end and beginning 2018

Romanian companies’ executives expect a decline in constructions, a stagnation in industry and an increase in retail and services in November-January period and a rise in prices in all areas, according to the business tendency survey conducted by National Institute of Statistics (INS).

Thus, the managers from the manufacturing industry forecast a relative stability of the production volume (balance +4 percent) for the next three months. A significant growth tendency (balance +41 percent) is estimated for the manufacturing of basic pharmaceutical  products and pharmaceutical preparations, while the manufacturing of tobacco products will register a downward trend (balance ‐36 percent). For the prices of the industrial products, a growth is forecasted for the next three months (balance +16 percent). Regarding the number of employees, a relative stability is estimated, the balance being 0 percent per total  manufacturing.

According to November 2017 estimations, there will be a decrease in the production volume of the  construction activity for the next three months (balance ‐33 percent). Managers also forecast a decrease in the  number of employees (balance ‐21 percent). As to the prices of construction works, a moderate growth is forecasted (balance +13 percent).

In the retail trade sector, managers estimate a moderate growth tendency in the economic activity for the  next three months (balance +15 percent). The volume of orders placed by the trade units to the suppliers of  goods will increase (balance +16 percent). Employers forecast a moderate growth in the number of employees (balance +12 percent) for the next three  months. For the next period, managers of trade companies estimate a growth of the retail prices (balance +32 percent).

The demand for services (turnover) will register a moderate  growth for the next three months (balance +6 percent).  For the services sector it is forecasted a moderate growth in the number of employees (balance +7 percent).  According to the managers, the selling or invoice prices of provisions will register a trend of moderate  growth (balance +8 percent).

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