Construction and metallurgy managers are the most optimistic in 2011

The Stock Exchange companies that have budgeted the highest increases for this year are mainly companies from the construction and the metallurgical sectors, according to a ZF survey.

The combined turnovers of construction companies included in the analysis are expected to increase by 29% in 2011 after several years of uninterrupted decline, with metallurgical plants budgeting 26% higher turnover, after seeing a significant increase last year as well, helped by export demand.

“Most companies have a prudent approach to the year 2011 because of the uncertainties on the Romanian market. In industry and metallurgy there are expectations for orders from abroad, with exports most likely to continue to be the growth driver over the next two or three quarters,” says Mihai Alexa, analyst with brokerage firm Broker Cluj.

In the chemical sector and the machinery and equipment sectors, the budgets of listed companies indicate moderate increases both in terms of turnovers and in terms of profits, while the energy sector anticipates a sales contraction amid lower fuel consumption.