CFA analysts expect the Romanian leu to depreciate over the next 12 months, seeing an average of 4.7911 lei to the euro in the six-month horizon and an average 4.8384 lei to the euro in the 12-month horizon.
The expected inflation rate for the 12-month horizon (June 2019/June 2020) stands at 4.12%
The macroeconomic confidence index grew by 4.9 points in May compared with April, to 51.5 points. Compared with May 2018, the index was 10.0 points higher, due to the expectations index.
The current conditions index decreased by 1.5 points in May compared with April, to 58.4 points. Compared with May 2018, the index increased by 1.5 points.
The expectations index grew by 8.2 points in May compared with April, to 48.1 points. Compared with May 2018, the index was 14.2 points higher.
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).