CFA analysts expect the Romanian leu to depreciate over the next 12 months, seeing an average of 4.7835 lei to the euro in the six-month horizon and an average 4.8243 lei to the euro in the 12-month horizon.
The macroeconomic confidence index fell by 5.5 points in August compared with July, to 42.8 points total. Compared with August 2018, the index grew by 7.2 points.
The current conditions index increased by 5.3 points in August compared with July, to 61.7 points. Compared with August 2018, the index decreased by 3.1 points.
The expectations index declined by 10.8 points in August compared with July, to 33.3 points. Compared with August 2018, the index fell by 9.3 points.
56.7% of respondents see the inflation rate averaging at 4.03% over the next 12 months (September 2020/September 2019).
The 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 index is calculated on a scale ranging from zero (no confidence) to 100 points (full confidence in the Romanian economy).