Thus, current conditions index rose 7 points to 70.8 points while expectations index increased by 17.3 points to 61.7 points.
Expectations regarding the EUR/RON exchange rate in the next six and 12 months stand at RON4.49 to the euro and RON4.5 to the euro, respectively, while inflation rate is seen at 1.5% in the next 12 months, up 0.53% compared with the previous expectations, 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 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).