Romanian managers forecast relative stability in manufacturing and services activity for October-December 2025, along with price increases across all sectors, according to data published Tuesday by the National Institute of Statistics (INS).Based on the business survey, manufacturing managers anticipate stable production over the next three months, reflected by a conjunctural balance of -0.9%. Employment is also expected to remain stable (conjunctural balance -4.7%), while industrial product prices are projected to rise, with a balance of +25.3%.In the construction sector, managers foresee a decline in production volume (conjunctural balance -20.2%) and a decrease in employment (-11.4%), while construction prices are expected to increase (+37.6%).Retail sector managers predict a moderate decline in turnover (-7.1%) over the next three months, with a modest increase in employment (+9.7%). Price rises are expected by 42.3% of respondents, with only 4.6% expecting decreases, yielding a conjunctural balance of +37.7%.Service sector turnover is projected to remain relatively stable (-2.2%), with employment almost unchanged (-2.0%) and prices expected to rise (+22.1%).INS notes that these results were obtained from October 2025 business surveys, reflecting managers' expectations for economic activity, employment, and prices. The final result is expressed as a percentage conjunctural balance, calculated as the difference between those expecting an increase and those expecting a decrease. This balance reflects managers' perceptions of trends and should not be confused with official growth or decline rates.