The current conditions index fell 3.8 points to 67 points, while the forecast index dropped by 15.3 points to 46.4 points.
Expectations regarding the EUR/RON exchange rate in the next six and 12 months stand at RON4.5 to the euro and RON4.5 to the euro, respectively, while inflation rate is seen at 1.2% in the next 12 months (October 2016-October 2017), down 0.30% compared with the previous year, CFA Romania said in a press statement issued on Monday.
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 macroeconomic confidence index is calculated on a scale ranging from zero (no confidence) to 100 points (full confidence in the Romanian economy).