Friday, August 24, 2007

Romania's industry turnover up 13.4% in 9-mo, shows CNP survey

Bucharest. According to a survey conducted by the National Forecasting Commission (CNP), the companies anticipate a growth of the turnover in industry of 2.6 per cent in the third quarter, and of 13.4 per cent in the first nine months 2007 against the same period of the past year, the Reporter.gr says.

The turnover for the production on the internal market is estimated to advance 3.5 per cent in quarter three and 14 per cent in the first nine months, while the turnover for the production delivered on the foreign markets will registered growths of 0.8 per cent and respectively 12.6 per cent.

CNP stressed that in the second quarter 2007, compared with the first quarter of this year, the volume of the turnover in industry fell 6.6 per cent, against a growth of 3.7 per cent predicted previously by the business operators, especially because of an estimate of the industrial production above the reached level.

Compared to the first six months of the past year, the turnover reached a growth of 14.8 per cent, the increase being sustained chiefly by the evolution of the turnover for the internal production.

The surveys are made by CNP on a sample of business representative operators from all the counties and all the industrial branches of the country.

As for the degree of utilisation of the production capacities which are operational in the perspective of quarter three 2007, the expectations point, according to the answers of the business operators from the sample, that it will be around 77 per cent, a level slightly lower than the one registered in the previous sample, but above the value from the same period 2006.

For the third quarter 2007, the firms estimate that the stocks of finished products will register a fall or some one per cent, compared to the second quarter of the present year, considering a total volume of industrial orders in excess of the industrial production. In comparison with the first nine months 2006, the stocks of industrial finished products will fall 9.8 per cent in the period January-September this year.

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