The CFA Romania macroeconomic confidence index reached 69 points in October, up by 4.1 points against the previous month, a release of CFA Romania informs.
“The increase was due to the expectations component. Thus, the current conditions index was 67.5, similar to the level registered in the previous reporting period, and the expectations index advanced by 6.2 points to 67.9 points,” reads the release, according to Agerpres.
As for the EUR/RON exchange rate, the average expectation pointed to a 4.4500 exchange rate for a 6-month horizon (similar to the level registered in the previous reporting period).
The expected inflation rate for the 12-month horizon (October 2016/October 2015) registered an average value of 0.65% (as to 1% in the previous reporting period).
CFA Romania is the association of Romania’s investment professionals who hold the Chartered Financial Analyst’s title, a qualification managed by U.S.-based CFA Institute, which joins 144 members worldwide. CFA Romania has over 160 members.