The economic growth index fell by 6.6 points in June 2017, compared with the previous month, to 60.0 points. The decrease in the macroeconomic confidence index was generated by its two components. The current conditions index reached 76.2 points, lower by 7.6 points, and the expectations index fell by 6.1 points, down to 51.8 points.
Over 70% of certified financial analysts expect the leu to weaken in the next 12 months. Expectations regarding the EUR/RON exchange rate in the next 6 and 12 months stand at RON4.6000 to the euro, while the inflation rate is seen at 2.00% in the next 12 months (July 2017/July 2018), CFA Romania said in a statement.
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).