Romania macro economy confidence index CFA down by 7.3 points in June

Newsroom 26/07/2016 | 13:27

The macro economy confidence index CFA Romania registered 58.5 points in June, down 7.3 points compared with the previous month, the drop being caused by the current conditions index and the anticipations indicator, says CFA Romania.

According to the association, the current conditions indicator was 71.6, a decrease of 5.5 points and the anticipations indicator dropped by 8.3 points to 51.9 points, the lowest value registered since November 2014.

Regarding the exchange rate EUR/RON, the median values of anticipations for six months registered an estimated rate of 4.55 (a growth of 500 pips) and for 12 months 4,53, a bigger value with 375 pips.

The anticipated inflation rate for 12 months ( July 2017/July 2016) registered a median value of 2 percent, a growth 0.55 percent with the last financial year.

The Macro economy confidence index CFA was launched by CFA Romania in May 2011 and aims to quantify the financial analysts’ anticipations regarding the economic activity in Romania for one year.

The survey is made in the last week of every month and the participants are CFA Romania members and candidates for first and second levels of CFA exams.

The confidence indicators takes values between 0 (lack of confidence) and 100 (full confidence in Romanian economy) and it’s calculated based on six questions regarding the current conditions (business environment and labor market) and the anticipations for one year for business environment, labor market, the personal income evolution at economy level and the personal assets evolution at economy level.

Georgiana Bendre

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