CFA Romania Macroeconomic Confidence Index down 7.3 points in June 2016

CFA Romania Macroeconomic Confidence Index down 7.3 points in June 2016

Bucharest, July 26, 2016/Independent Balkan News Agency

The CFA Romania Macroeconomic Confidence Index dropped this June 7.3 points from the previous month to 58.5 points, due to a decrease in both its components, the current conditions indicator and the expectations indicator, CFA Romania informs.

Ασκορδινγ to a release of the association, the current conditions indicator was 71.6, down 5.5 points on a monthly basis, and the expectations indicator dropped 8.3 points to 51.9, the lowest value since November 2014.

As far as the exchange rate of Romania’s national currency, the leu against the euro is concerned, the median value of expectations in six months reached 4.5500 lei to the euro (up 500 price interest points — pips) and 4.5375 for the 12-month horizon, by 375 pips higher.

The annual inflation expectation in 12 months (July 2017/July 2016) recorded a median value of 2 percent, up 0.55 percent from the previous reporting period.

The CFA Romania Macroeconomic Confidence Index was launched in May 2011 by CFA Romania as an index that quantifies the expectations of financial analysts from Romania’s economy over one year.

CFA Romania is the association of Romania’s investment professionals who hold the Chartered Financial Analyst’s title, a qualification managed by the U.S.-based CFA Institute. CFA Romania currently has over 180 members.

Source: Agerpres