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October 23, 2020

Optimism regarding business growth in June-August

Company managers expect a rise of activity in constructions and retail and a smaller growth in the processing industry and services for the June-August period, according to the National Statistical Institute (INS). The conclusions were obtained by circumstantial surveys, following estimates given by managers in respect of economic activity trends. The surveys indicate the circumstantial balance obtained as the difference between the percentage of managers who chose the positive variant of the phenomenon and the percentage of managers who selected the negative option. Managers in the processing industry anticipate a moderate growth of production volume (circumstantial balance +8 per cent). For some activities there will be a growth trend regarding the estimation of production – production of basic pharmaceutical goods and preparations (circumstantial balance +31 per cent), production of beverages (circumstantial balance +29 per cent) and production of other goods from non-metal minerals (circumstantial balance +24 per cent). For the prices of industrial goods the forecast indicates a moderate rise (circumstantial balance +7per cent), and for the number of employees a relative stability, the circumstantial balance being 0 per cent for the overall processing industry.  A growth of production is also expected in the construction sector (circumstantial balance +22 per cent) and for the stock of agreements and orders (circumstantial balance +7 per cent). In what regards the prices of construction works, a moderate increase is anticipated (circumstantial balance +7 per cent). Retail managers estimate an activity growth trend for the next three months (circumstantial balance +16 per cent) as well as for the total volume of sales of goods (circumstantial balance +21 per cent).

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