Romania's March business sentiment remains negative in services

Analysis

According to the business tendency survey of March, released by the Bucharest-based National Statistical Office (INS), managers of the manufacturing, retail and construction sectors expect a moderate growth activity, while services count on a moderate decrease in the next three months.

The managers of companies operating in the manufacturing industry expect production volumes to rise moderately, with a positive balance of 9%. Regarding the number of employees, a relative stability is expected, with a negative balance of 1%.

A strong increase is forecast for the manufacturing of non-metallic minerals over the next trimester, while manufacturing of clothing is expected to drop. The managers of retail companies also expect a moderate increase in economic activity, with a positive balance of 6%. Employers forecast a moderate rise in the number of employees, with a positive balance of 12%. The managers of construction companies expect a rise in the production volumes of their business, with a positive balance of 23%. Further on, they expect a moderate rise in the number of employees with positive balances of 8%.

Meanwhile, the demand for services (turnover) will register a moderate decrease (balance -9%). For the service sector, a relative stability is estimated in the number of employees (balance-1%)

. A total of 8,987 managers of Romanian-based companies in construction, manufacturing, retail and services were interviewed in the survey.

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