Romanian managers see the economic activity from the first quarter of 2024 stable

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Romanian managers estimate that activities in the manufacturing industry, retail trade and services will register a relative stability in the first three months of this year, while in the construction sector, the number of employees will record a moderate decrease, emerges from the results of the short-term survey carried out by National Institute of Statistics (INS).

According to the quoted source, in the manufacturing industry, the managers predict for the months of January, February and March, a relative stability both in the volume of production (short-term balance 0%) and in terms of the number of employees, the short-term balance being -1%. Also, for the prices of industrial products, an increase is forecasted in the analyzed period, respectively short-term balance +21%.
In the field of construction, the estimates from January 2024 reveal the fact that, between January and March 2024, the activity will record a moderate decrease in the volume of production (short-term balance -12%), during which the number of employees will have a short-term balance of -9% Regarding the prices of construction works, their increase is expected, with a short-term balance of +32%. At the same time, in the retail sector, the managers estimated, for the next three months, a trend of relative stability of the economic activity (short-term balance +1%).
Also, the volume of orders addressed to suppliers of goods by commercial units will register relative stability (short-term balance +3%), and employers forecast a moderate increase in the number of employees (short-term balance +10%). In addition, the managers of commercial companies forecast a sharp increase in retail prices (short-term balance +45%).
In the services segment, turnover could remain relatively stable, from January to March (short-term balance -2%), as well as in the case of the number of employees (short-term balance -4%). According to the managers’ opinion, the sales or billing prices of services will have an upward trend (short-term balance +17%).
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