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January 24, 2022

Moderate growth expected in all sectors

Trading company managers estimate, for the July to September interval, a moderate growth in industry, constructions, trade and services, compared to the preceding quarter, based on the short term indicator, according to a survey of the National Institute of Statistics (INS). As regards staff numbers, forecasts point to a fairly stable trend, with a +3 pc overall short term indicator (+8 pc for large-scale enterprises, with a staff of 500 or more). At the same time, industrial products’ prices are expected to rise moderately in the next three months (+11 pc, short term indicator). Thus, as far as the constructions sector is concerned, the next quarter will see a moderate rise in production (+12 pc, short term indicator) and a fairly steady stock of contracts and orders (+5 pc, short term indicator).

Staff numbers are expected to vary very slightly (+3 pc), while prices will rise moderately (+14 pc). Managers also estimated a moderate growth of the retail trade sector for the next quarter (+9 pc, short term indicator). Some sectors are expected to rise more sharply than the overall trend, namely, the manufacturing of road transport vehicles (+18 pc, short term indicator), drink manufacturing (+8 pc), rubber and plastic products manufacturing and coke and refined petroleum products manufacturing (+5 pc).

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