Romanian managers expect the activity in the manufacturing industry, retail trade and services to stay relatively stable between November 2023 - January 2024, anticipating also an increase in manufacturing, construction and retail prices, shows data released on Tuesday by the National Institute of Statistics (INS).According to the November 2023 short-term business survey, managers in the manufacturing industry expect a relative stability of the production volume over the next three months (short-term balance -1 percent). The number of employees is seen staying relatively constant, with a short-term balance at -4 percent, while industrial product prices are forecast to grow in the next three months (short-term balance +16 percent).The volume of construction works is expected to shrink in the next three months (short-term balance -21 percent), and the number of employees in the sector is projected to slide (short-term balance -7 percent). The prices of construction works are expected to increase (short-term balance +27 percent).In the retail trade sector, the managers bet on a relative stability of the economic activity in the next three months (short-term balance +4 percent). The volume of orders to the suppliers of goods is seen flatlining (short-term balance +4 percent). For the next three months, the respondents forecast a moderate increase in the number of employees (short-term balance +12 percent). Also, the managers of trading companies estimate that retail prices will go up (short-term balance +30 percent).According to November 2023 projections, the demand for services (turnover) will keep relatively stable in the next three months (short-term balance 0 percent), as will the number of employees (short-term balance -3 percent). According to the managers' opinion, the sales or invoicing prices for services will follow a moderate growth trend (short-term balance +10 percent).The INS specifies that the short-term balance reflects the perception of business managers of the dynamics of a phenomenon and should not be mixed up with the increase or decrease rate of any statistical indicator produced by the statistical authority. The short-term percentage balance represents the difference between the percentage of managers who chose the positive trend of the phenomenon and the percentage of those who indicated the negative trend.
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