Home / BUSINESS / Companies in Romania will hire fewer people by September

Companies in Romania will hire fewer people by September

According to a business tendency survey of July 2016, managers from the manufacturing industries forecast moderate growth of the production volume (balance +8 percent) for the next three months, National Institute of Statistics (INS) data reveal. An increased tendency is expected in the manufacture of other non-metallic mineral products (balance +31 percent), while for the manufacture of basic pharmaceutical products and of pharmaceutical preparations a decreased tendency is expected (balance -24 percent).

For the prices of the industrial products, a relative stability is forecasted for the next three months (balance +1 percent). Regarding the number of employees, a relative stability is forecasted, the balance being +3 percent per total manufacturing.

According to July estimations, there will be an increase in the production volume of the construction activity for the next three months (balance +21 percent). Managers forecast a moderate increase in the number of employees (balance +7 percent). As to the prices of construction works, a relative stability is forecast (balance +5 percent).

In the retail trade sector, managers estimate a growth tendency in the economic activity for the next three months (balance +16 percent). A moderate growth is forecasted in the volume of orders placed by the trade units to the suppliers of goods (balance +11 percent).

Employers forecast a decrease in the number of employees (balance -17 percent) for the next three months. Managers of the trade companies estimate a moderate increase of the retail prices (balance +9 percent) for the next three months.

At the same time, the demand for services (turnover) will register a moderate growth for the next three months (balance +15 percent). The services sector shows a relative stability in the number of employees (balance +4 percent). According to the managers, the selling or invoice prices of provisions will register a trend of relative stability (balance 0 percent).

About Anca Bernovici