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TRENDS IN THE EVOLUTION OF THE ECONOMIC ACTIVITY IN THE PERIOD SEPTEMBER – NOVEMBER 2023

October 26, 2023

Moderate growth of activity in manufacturing industry and retail trade Relative stability in the number of employees in manufacturing, construction and services Price growth in construction and retail trade   Manufacturing   According to the business tendency survey of September 2023, managers from the manufacturing industry forecast a moderate increase of the production volume for the next three months (balance +6%). Regarding the number of employees, a relative stability is estimated, the balance being -1%. For the prices of industrial products, a moderate growth is forecasted for the next three months (balance +15%).   Construction   According to September 2023 estimations, there will be a relative stability in the production volume of the construction activity for the next three months (balance -3%). Managers forecast a relative stability in the number of employees (balance -2%). As to the prices of construction works, a growth is forecasted (balance +27%).   Retail trade   In the retail trade sector, managers estimated a moderate growth in the economic activity for the next three months (balance +13%). The volume of orders placed by the trade units to the suppliers of goods will register a growth (balance +16%). Employers forecast a moderate growth in the number of employees for the next three months (balance +11%). Managers of trade companies estimate a growth of the retail prices (balance +36%).   Services   According to September 2023 estimations, the demand for services (turnover) will register a relative stability for the next three months (balance +3%). A relative stability is estimated for the number of employees (balance -1%). According to the managers, the selling or invoice prices of services will register a moderate growth (balance +8%).

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