Romanian business sentiment worsens in construction, retail

Company managers in Romania expect a drop in construction and retail in December and January and stability in manufacturing and services, the national statistics office (INS) said on Monday.

Managers from the manufacturing sector expect a relative stability in production volumes, with a sharp increase of 57% in manufacturing of coke and refined petroleum products, INS said in a monthly business sentiment survey.

Managers also expect a 36% drop in the production of tobacco 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 32% in production volumes and the number of orders over the next two months. Managers also see a drop of 18% in the number of employees and a relative stability in prices of construction works.

The managers of retail companies expect economic activity to drop by 10% until January. The volume of orders and prices are expected to be relatively stable, while the number of employees is seen decreasing by 7%.

Turnover in services is expected be stable during the next two months. The number of employees and sales prices are also 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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