The macroeconomic confidence index measured by CFA Romania fell by 6.5 points to 54.9 points on the month in January 2017.
The current conditions index dropped 11.4 points and reached 63.6 points, while the expectations index fell by 4 points to 50.5 points.
Expectations regarding the EUR/RON exchange rate in the next 6 and 12 months stand at RON4.5 and RON4.51 to the euro, respectively, while the inflation rate is seen at 1.5% in the next 12 months, CFA Romania said in a press statement issued on Friday.
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).