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

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

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

Managers see growth in manufacturing of other non-metallic mineral products, of 31%, and a 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 21% 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 16% by September, and a decrease in the number of employees, by 17%. The volume of orders is expected to grow up to 11% while prices are expected to rise 9%.

Turnover in services is expected to increase moderately - by up to 15% - during the coming two months. The number of employees and sales prices are expected to be relatively stable.

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