The current conditions index rose 15.9 points and reached a record level of 82.9 points, while the forecast index increased by 10.2 points to 56.6 points.
Expectations regarding the EUR/RON exchange rate in the next 12 months stand at RON4.5 to the euro, while inflation rate is seen at 2% in the next 12 months, up 0.8% compared with the previous year, CFA Romania said in a press statement issued on Friday.
According to financial analysist, the current business conditions in Romania will remain unchanged in the next 12 months, as well as the unemployment rate, personal income and the global economy conditions. On the other hand, oil price is estimated to increase in the next year, as well as Bucharest bourse’s BET index.
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).