Managers estimate sharp increase in prices in processing industry, construction and retail

 

During the economic conjuncture analysis of June 2022, managers from the processing industry project a moderate increase in production volume for the next three months (+9% conjunctural balance). Beverage manufacturing will register the largest increase (+32% conjunctural balance). Regarding the number of employees, a relative stability is estimated, the conjunctural balance being +4% per the entire processing industry. For industrial products there is a sharp increase expected in the next three months (+40%).

 

According to the estimates of July 2022, the construction industry will register an increase in production volume for the next three months (+19% cyclical variation). Managers estimate a moderate increase in number of employees (+6%). Managers also expect a sharp increase in the price of construction works (+57%).

 

In the retail sector managers have estimated an upward trend of economic activity the next three months (+19%). The volume of orders for cargo suppliers by commercial units will also register an increase (+20%). Employers project an increase in employees in the next three months (+20% conjunctural balance). Managers of commercial companies also estimate an increase in retail prices (+68% conjunctural balance).

 

According to the estimates of June 2022, demand for services (turnover) will see a moderate increase in the following three months (+8%). A relative stability is estimated for the number of employees (+4%). According to the managers' opinion, sale prices or billing of services will have an upward trend (+32%).

 

The institution also mentions that the cyclical variation indicates the managers' perception on the dynamics of a phenomena which must not be confused with the growth or decline rate of any statistic indicator produced by INS. The percentage conjunctural balance is obtained as a difference between the managers' percentage who chose the positive variant of the phenomenon and the percentage that indicated the negative variant