CFA macroeconomy confidence index for Romania drops in July

Newsroom 22/08/2016 | 13:06

The CFA macroeconomy confidence index in Romania for July dropped by 7.7 points compared with the previous month, to 50.8 points, the decrease being generated by the market expectations and conditions of the business environment and the labor market.

The current conditions indicator was 63.8 points, a decrease of 7.8 points and the anticipations indicator decreased by 7.2 points, to 44.4 points, the lowest one registered since March 2013.

Regarding the EUR/RON exchange rate, the average values of anticipations for the six months period registered an anticipated exchange rate of RON 4.502 for one euro and for the 12 months period the anticipated rate was RON 4.5 for one EUR.

The anticipated inflation rate for 12 months period (August 2017/August 2016) registered an average value of 0.97 percent (a decreasing value with 1.03 percent compared with the last period)

„The worsening of anticipations regarding the global macroeconomic conditions is visible, 60 percent of the survey participants anticipating a hostile global environment  in the next 12 months, ” said CFA Romania in a statement.

The CFA macroeconomy confidence index in Romania was launched by CFA Romania in May 2011 and it represents an indicator aiming to quantify the anticipations of financial analysts regarding the economic activity in Romania for a one year period.

Georgiana Bendre

 

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