Romanian business sentiment improves in manufacturing, worsens in construction

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

Managers from the manufacturing sector expect moderate growth in production volumes, up to 6%, with a sharp increase in pharmaceuticals, INS said in a monthly business sentiment survey.

Managers also expect a 21% drop in the production of beverages over the next two months.

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

Construction is expected to show a drop of up to 22% in production volumes and the number of orders over the next two months. Managers also see a drop of 12% in the number of employees and a relative stability in prices of construction works.

The managers of retail companies expect economic activity to grow by 6% until December. The volume of orders is expected to fall by up to 25%, while prices are expected to increase by 11% and the number of employees to decrease by 9%.

Turnover in services is expected to increase moderately, by up to 8%, 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.

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