Thus, current conditions index fell 5.5 points to 71.6 points while expectations index dropped 8.3 points to 51.9 points (the lowest value since November 2014).
Expectations regarding the EUR/RON exchange rate in the next six and 12 months stand at RON4.55 to the euro and RON4.53 to the euro, respectively, while inflation rate is seen at 2% in the next 12 months, up 0.55% compared with the previous expectations, CFA Romania said in a press release Tuesday.
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 macroeconomic confidence index is calculated on a scale ranging from zero (no confidence) to 100 points (full confidence in the Romanian economy).