Financial analysts’ confidence in Romania’s economy grew by 6.9 points in October compared with September, to 54.4 points. Compared with October 2018, it dropped by 6.1 points, according to the macroeconomic confidence index measured by CFA Romania.
The current conditions index fell by 0.3 points in October compared with September, to 65 points. Compared with October 2018, it grew by 2.5 points.
The expectations index grew by 10.5 points in October compared with September, to 49.2 points. Compared with October 2018, the index dropped by 7.8 points, the data showed.
CFA analysts expect the leu to depreciate over the next 12 months to an average RON4.8597 to the euro. For the six-month horizon, the leu is seen depreciating to RON4.7992 to the euro.
CFA analysts also see the inflation rate averaging at 3.60% over the next 12 months (November 2020/November 2019).
The CFA Romania Macroeconomic Confidence Index was launched in May 2011 and aims to evaluate financial analysts’ expectations regarding the economic activity in Romania for a one-year horizon. The index is calculated on a scale ranging from zero (no confidence) to 100 points (full confidence in the Romanian economy).