Romanian business sentiment improves in manufacturing, services; worsens in construction, retail

Company managers in Romania expect growth in manufacturing and services in October and November, and contraction in construction and retail, the national statistics office (INS) said on Wednesday.

Managers also expect retail prices to fall over the next two months, INS said in a monthly business sentiment survey.

Managers from the manufacturing sector expect moderate growth in production volumes, up to 14%, with a sharp increase in pharmaceuticals.

Managers also expect a 36% drop in the production of tobacco products over the next two months.

Regarding the number of employees in the manufacturing sector, a relative stability is forecast, according to the survey.

Construction is expected to show a drop of up to 6% in production volumes and the number of orders over the next two months. Managers also see a relative stability in the number of employees and the prices of construction works.

The managers of retail companies expect economic activity to slow by 26% until November. The volume of orders is expected to fall by up to 17%, while prices and the number of employees are expected to drop by 15% and 14%, respectively.

Turnover in services is expected to increase moderately, by up to 10%, during the next two months. The number of employees and sales prices are expected to be relatively stable, according to the survey.

A total of 8,216 managers of Romanian-based companies from construction, manufacturing, retail, and services were interviewed in the survey.

Choose your newsletter by Renewables Now. Join for free!