The current conditions index rose 4.7 points and the expectations index rose 7.2 points in may compared to April.
The perception on the future evolution of global macroeconomic conditions registered the first positive value in the past 12 months and expectations regarding the EUR/RON exchange rate in the next six and 12 months stand at RON4.45 to the euro, CFA Romania said in a press release Thursday.
The CFA Romania macroeconomic confidence index was launched in May 2011 and quantifies analysts’ expectations regarding the Romanian economy for a one year period. The poll is conducted in the last week of each month and the index uses a scale of 0 (lack of confidence) to 100 (full confidence).
Over two thirds of respondents (70%) expect business conditions to improve in the next 12 months, while 54.8% expect improvements on the labor market. Also, 64.5% of analysts see growth in personal income and 77.4% are optimistic about personal wealth, capital market and real estate gains.
Three quarters of CFA analysts expect normal global macroeconomic conditions within the next year. Regarding inflation, one quarter of analysts expect the inflation rate will rise, while 40% expect it will decrease.
Nearly one third of respondents expect at least one country will leave the eurozone within the next year, while 42% say there won’t be an exit.
CFA Romania has over 160 members.