Author: Ernst & Young Romania Published on: 2008-11-11
A deterioration of the perspective of the economic indicators in industry and constructions is possible in the coming months, the experts of the Romanian National Bank (BNR) estimate in a survey.
Although in October the evolution was still positive, “on a much longer horizon, there are signs of worsening,” the survey
shows. Thus, according to BNR analysis, the volume of production has maintained the upward trend in the 2 economic sectors which were analyzed, the rate acceleration showing a circumstantial balance of +33%. This estimate could prove however too optimistic, in the conditions in which recent declarations show the beginning already in October of a period of adjustments of production in important industrial sectors, on the background of the tempered demand both internally and internationally. In the constructions sector, the seasonal decrease of the growth rate of the portfolio of orders is expected. The main factors which can act as a brake on the good evolution of the production process in industry and constructions remain the insufficient demand (mentioned by 25% of the respondents), the evolution of the exchange rate and the difficulties to cash the equivalent of the sold
production. Moderate inflationary pressures are anticipated in constructions, most of the answers pointing to price stability.