Managers expect 19 pct growth in construction sector, 17 pct advance in total output volume

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Three-month projections by managers in the manufacturing industry see the production volume rising (short term balance +17 pct) and the construction sector advance 19 pct, shows data released on Wednesday by the National Statistics Institute (INS).

According to the opinions expressed in March 2012 by surveyed company managers, a growth trend takes shape over the period March – May 2012 for the manufacturing industry and the sector of construction, while retail trade and services will witness moderate growth compared to the previous three months, as per the short-term balance indicator.

The managers in the manufacturing sector polled under the short-term survey conducted in March 2012 forecast an increase in the output volume (short term balance +17 pct).

A steep upward trend is expected for the tobacco industry production (short term balance +49 pct). Industrial prices are expected to see a moderate growth (short term balance +10 pct).

The number of employees is expected to keep relatively stable, with the short-term balance standing at +2 pct for the manufacturing industry overall.

According to March 2012 estimates, in the coming three months the construction sector will register a rise in volume (short term balance +19 pct), while the number of employees will keep relatively stable (short term balance +1 pct)

The stock of contracts and orders for construction works is expected to see moderate growth (short term balance +12 pct), while the short term balance for construction works’ prices is a moderate +9 pct.

Managers in the retail sector estimate for the next three months a moderate growth in the economic activity (short term balance +13 pct).

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