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

Company managers in Romania expect growth in all four economic sectors - industry, retail, construction, and services - in September and October and stable prices overall, the national statistics office (INS) said on Monday.

Managers from the manufacturing industries expect moderate growth in production volume, up to 8%, with sharp increases in non-metallic mineral products manufacturing, INS said in a statement.

Managers also see a 10% drop in activity in manufacturing of pharmaceutical products over the next two months. Regarding the number of employees, a relative stability is forecast.

Construction is expected to register an up to 10% growth in production volume and orders. Managers also see a relative stability of the number of employees and of prices of construction works.

Heads of companies working in retail see an upward trend in economic activity, by 27% by October. The volume of orders is expected to grow up to 25%, while prices and the number of employees are expected to remain stable.

Turnover in services is expected to increase moderately - by up to 11% - during the coming two months. The number of employees and sales prices are expected to be relatively stable.

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