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January 21, 2022

Industry, constructions and services to stabilise in May-July

An opinion poll conducted by the National Statistics Institute (INS) shows company managers estimating that the processing industry, construction and service sectors will report a relative stability in the May-July period of this year, while the retail trade will report a moderate drop compared to the previous three months, Mediafax informs. Processing industry sector’s managers forecast a relative stability in the production volume (+5 per cent conjunctural balance) and a moderate price growth, a press release issued by the INS shows. The number of employees is expected to drop by an overall 17 per cent in the procession industry sector (by 23 per cent in the case of very large companies with more than 500 employees). Some activities will report drops that will tend to be steeper than the overall drop: metallurgy (-48 per cent), production of other means of transportation (-46 per cent), production of coke works products and of products obtained by processing oil (-43 per cent).

In the next three months the construction sector will report a relative stability both in the production volume (+3 per cent) and in the stock of contracts and orders (-3 per cent). The same trend is forecast for prices of construction works (+3 per cent). On the other hand, managers estimate a moderate drop in number of employees (-7 per cent), especially in the case of small companies with fewer than 50 employees. In April the number of construction permits for residential buildings reported a monthly growth of 7 per cent to 3,686 documents and a yearly drop of 9.5 per cent. 63.9 per cent of the total permits were issued in rural areas.

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