Romanian managers see upward trend in economy, rise in retail prices by Aug - stats office

Company managers in Romania expect growth in retail, industry, construction and services in July and August and rising prices in the retail sector, the national statistics office (INS) said on Tuesday.

Managers from the manufacturing industries expect moderate growth in production volume, up to 13%, with sharp increases in beverages and non-metallic mineral products manufacturing, INS said in a statement.

Managers see a decline in activity in manufacturing of tobacco, but stable prices of industrial products over the next two months. Regarding the number of employees, a relative stability is forecast.

Construction is expected to register an up to 26% growth in production volume and orders. Managers also see moderate growth in the number of employees and relative stability of the prices of construction works.

Heads of companies working in retail see an upward trend in economic activity, by 10% by August, and moderate decrease in the number of employees. The volume of orders is expected to grow up to 7% while prices are expected to rise 8%.

Turnover in services is expected to increase moderately - by up to 12% - during the coming two months. The number of employees is anticipated to grow moderately, while sales prices are expected to remain relatively stable.

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