Thus, current conditions index rose 2.8 points to 67.5 points while expectations index fell 10.7 points to 72.6.
Expectations regarding the EUR/RON exchange rate in the next six and 12 months stand at RON4.45 to the euro, while inflation rate is seen at 1.38%, CFA Romania said in a press release Monday.
CFA Romania Macroeconomic Confidence Index was launched in May 2011 and aims to evaluate financial analysts expectation regarding economic activity in Romania for one year horizon. The survey is conducted in the last 5 working days of each month and the participants are CFA Romania members and Level II and Level III CFA exam candidates.
The macroeconomic confidence index is calculated on a scale ranging from zero (no confidence) to 100 points (full confidence in the Romanian economy), based on six questions concerning the current conditions in the business environment and the labor market, one-year horizon expectations for the business environment, the labor market, the evolution of personal incomes and personal wealth.
The survey also presents one-year horizon expectations for inflation rate, interest rates, EUR/RON exchange rate, stock market index, global macroeconomic conditions, oil price.
According to the survey, 55.2% of the financial analysts expect personal income growth in the Romanian economy in the next 12 months while only 3.4% expect personal income to fall. The remaining 41.4% expect their income to remain the same.
Over 62% of the respondents estimate the BET index of Bucharest Stock Exchange will have a positive evolution in the next 12 months, while only 10.3% expect it to fall.
CFA Romania has over 160 members.