Romanian managers, moderately optimistic about the local economy for the next three months

Managers from the manufacturing industries forecast moderate growth of the production volume (balance +12 percent) for the next three months, according to the business tendency survey of February 2017, National Institute of Statistics (INS) reveals.

For the manufacture of motor vehicles, trailers and semi-trailers, a growth tendency is expected (balance +38 percent), while for the manufacture of computer, electronic and optical products there is a moderate decrease tendency (balance -7 percent).

For the prices of the industrial products, a moderate growth is forecasted for the next three months (balance +6 percent). Regarding the number of employees, a relative stability is forecasted, the balance being +4 percent per total manufacturing.

According to February estimations, there will be a moderate growth in the production volume of the construction activity for the next three months (balance +13 percent). Managers forecast a relative stability in the number of employees (balance +3 percent). As to the prices of construction works, a moderate growth is forecasted (balance +7 percent).

In the retail trade sector, managers estimate a decrease tendency in the economic activity for the next three months (balance -17 percent). A decrease is forecasted in the volume of orders placed by the trade units to the suppliers of goods (balance -19 percent).

Employers forecast a moderate decrease in the number of employees (balance -14 percent) for the next three months. For the next period, managers of the trade companies estimate a moderate growth of the retail prices (balance +13 percent).

According to the same estimations, the demand for services (turnover) will register a moderate growth for the next three months (balance +7 percent). The services sector forecasts a relative stability in the number of employees (balance +4 percent). The managers say the selling or invoice prices of provisions will register a trend of relative stability (balance +3 percent).

business tendencyconstructioneconomic activitymanufacturingmoderately optimisticNational Institute of Statistics (INS)next three monthsnumber of employeesretail trade sectorRomanian managersservicesSurvey
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