The macroeconomic confidence index dropped by 9 points in August, for the third month running, to 50.7 points, the institution said Monday.
The current conditions index reached 68.6 points, down 6.4 points compared with July, and the expectations index fell by 10.2 points, down to 41.8 points, its lowest value since March 2013.
Around 80% 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 RON4.6177 to the euro and RON4.6523 to the euro, respectively.
The inflation rate is seen at 2.55% in the next 12 months (September 2017/September 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).