Romanian managers expect a sharp rise in retail trade prices in the next three months, as well as a plunge in the construction sector's economic activity, shows data released on Wednesday by the National Institute of Statistics (INS).According to the December 2022 business survey, managers in the manufacturing industry expect a relative stability of the production volume in the next three months (short-term balance -4 percent), while the number of employees is seen as relatively stable (short-term balance at -1 percent for the manufacturing industry overall). Industrial product prices are forecast to increase in the next three months (short-term balance +34 percent).According to December 2022 estimates, the volume of construction output will drop considerably in the next three months (short-term balance -24 percent) and the sector's headcount is expected to decline moderately (short-term balance -11 percent). Prices of construction works are expected to increase (short-term balance +36 percent).In the retail trade sector, the managers' estimates for the next three months are of relative stability of the economic activity (short-term balance -2 percent). The volume of orders for suppliers of goods is seen staying relatively stable (short-term balance -3 percent), just as the number of employees (short-term balance +4 percent). On the other hand, trading company managers expect a sharp increase in retail prices (short-term balance +43 percent).The demand for services (turnover) will register relative stability in the next three months (short-term balance -3 percent), as will the number of employees (short-term balance -2 percent). According to the managers' opinion, service selling or invoicing prices will follow an upward trend in the next three months (short-term balance +24 percent).The INS mentions that the short-term balance indicates the perception of business managers on the dynamics of a phenomenon that should not be mistaken for the rate of increase or decrease of any statistical indicator produced by the statistics authority. The short-term percentage balance is determined as the difference between the percentage of managers who chose the positive version of the phenomenon and the percentage of those who indicated the negative version.
This article series tells the stories of the 15 finalists selected in the BVB Arena program. BVB Arena is the flagship program of the Bucharest Stock Exchange, dedicated to developing and promoting the Romanian entrepreneurial environment. The program’s goal is to select and promote Romanian companies that have the greatest growth potential and high chances […]
Salt Bank, the first 100% digital Romanian bank built entirely from scratch, has been named by Celent as the 2025 Model Bank for Digital Bank Launch. Celent is one of the world’s most prestigious research and advisory firms focused on technology for financial institutions. By receiving the title of "2025 Model Bank for Digital Bank […]
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Romania's budget deficit, meaning the gap between revenues and expenditures, reached 3.39% of GDP after the first five months of the year, while the new government grapples with balancing initiatives. The deficit increased compared to the first four months, when it stood at 2.95% of GDP, and remained roughly stable compared to the first five […]
eLog, a Balkan-based provider of reusable transport packaging systems for the retail sector, has entered the Romanian market by leasing 4,000 sqm of warehouse and office space at CTPark Bucharest North. The facility, developed by CTP, will serve as eLog’s first operational hub in Romania, supporting its expansion into local retail logistics. Specializing in Retail […]
More than three-quarters of Romanians (76%) see Artificial Intelligence as an opportunity for the economy and society, although half of them also acknowledge its risks, according to a new RoCoach and Novel Research study. Overall, over one-third of respondents (35.7%) believe that AI will primarily lead to job losses, even if new types of roles […]
