Romanian managers see upward trend in economy, stable prices by May - stats office

Company managers in Romania expect growth in retail, industry, construction and the services in April and May and overall stable prices, the national statistics office (INS) said on Monday.

Managers from the manufacturing industries expect moderate growth in production volume, up to 15%, with sharp increases in beverages and basic pharmaceutical products manufacturing, INS said in a statement.

Managers see a decline in activity in metallurgy, but stable prices of industrial products over the next three months.

Construction is expected to register an up to 27% 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 39% by May, and moderate growth in the number of employees. The volume of orders is expected to grow up to 30% while prices are expected to rise 26%.

Turnover in services is expected to increase moderately - by up to 14% - during the following three months, while the number of employees and sale prices are anticipated to remain relatively stable, according to the managers.

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