The index climbed to 47.8 points in August 2013 against May 2012.
The economy could next Monday receive a new signal of confidence through a new decision of Romanian central bank BNR to cut its monetary interest rate to 4.25%, according to estimates made by most financial analysts.
In August lending remained on the decline, risking to undermine the economy’s medium-term growth prospects.
BNR last month gave a signal of trust to the economy by cutting its monetary policy rate, and could reinforce this signal on Monday through its third consecutive cut to the interest rate on lei, in line with the inflation decline.
The total number of active companies in the Romanian economy exceeded 714,000 for the first time at the end of August, up 2.7% on 2012, shows data supplied to ZF by the Trade Registry.
Recession sent 60,000 companies to the ground in the 2009-2010 period, but then business started to grow again. The high point was reached last month, through the over 714,000 active companies.
Another positive signal for companies’ business is the almost 7% decline in the number of insolvencies from January to August against the similar period of last year.
The number of newly-established companies also rose by 1.24% in the same period.
The Romanian state continues to prove its inability to stimulate the economy through public investments. Budget allocations for public investments declined by over 10% in the first seven months of this year.
Romania’s economic growth is currently relying only on exports and on favorable circumstances in the agricultural sector.
Chances of consolidating this growth are linked to the private sector, which is still hesitant to make investments in expansion because of weak consumption.
(English version by Daniela Stoican)