Balance

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For the next three months, Romanian managers expect a moderate increase in manufacturing and retail trade, relative stability in the number of employees in the manufacturing industry and services, as well as an increase in retail and construction prices, according to the results of a survey published on Monday by the National Institute of Statistics (INS).

Romanian managers estimate for the next three months a relative stability of activity in construction and retail trade, a moderate decrease in the number of employees in construction, retail trade and services as well as price raises, according to the findings of a trend survey published on Thursday by the National Institute of Statistics (INS).

In previous Notes regarding state-owned enterprises and other assets that belong to all citizens, I advocated for the government to compile a public sector balance sheet.

Activity in industry, retail and services will record a relative stability in the next three months, while prices will moderately grow in industry and constructions, according to the Romanian managers' expectations for December 2018-February 2019.

The financial net worth of the general government sector is the total value of its financial assets minus the total value of its outstanding liabilities. Positive financial net worth signals the strength and health of public finances. It also shows the government will be able to continue its policy programs without experiencing financial stress.