3.8 C
December 6, 2022

Industry and constructions continue declining trend, stabilization reported for trade

Managers of companies estimated, for August–October 2009, a slight slowdown in activities for the processing industry, a decline in constructions and a relative stability in retail and services, as against the previous three months. Within the context survey conducted in August, the managers from the processing industry expect, in the next three months, a moderate slowdown in production volume (-15 per cent imbalance), as well as a decrease in the number of employees, reporting an imbalance of – 21 per cent per whole processing industry, based on a press release from National Institute for Statistics (INS). For constructions, a declining trend is expected both in relation to production volume (-21 per cent imbalance) and in number of orders and contracts (-21 per cent). The managers from retail estimated a relative stability of the economic activity in the next three months (-2 per cent imbalance) both the total volume of sales and that of orders being expected to be rather stabile (+2 per cent balance and – 1 pc imbalance respectively). In its turn, National Commission for Prognosis (CNP) estimates stagnation in the industrial production over Q3, compared to April – June, so that the annual drop shall be 9 per cent for the first nine month of the year.

According to CNP, the average number of employees in industry continues to pose a declining trend in Q3 and this will reduce by 2.4 pc compared to April–June, with the share of outstanding liabilities at loans advancing to 3.1 per cent in Q 3.

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