CFA Romania: Macroeconomic confidence index reaches historic high for the third time

0 24

The macroeconomic confidence index of CFA Romania has reached in May a historical high of 77.1, up by 6.4 percentage points compared to April, supported by current conditions index (64.5) and of the expectations (83, 3), the analysts anticipate an exchange rate of RON 4.45/EUR in one year interval.
The current conditions index increased by 4.7 points as compared to the figure recorded in the previous year, while the expectations increased by 7.2 points.
“It is worth noting the improved perceptions of respondents about the future evolution of global macroeconomic conditions, the first positive figure recorded in the last 12 months. As regards the EUR/RON exchange rate, average expectations for the two timelines (for 6 or 12 months) have envisaged a rate of RON 4.4500 for both horizons, up against the values recorded in the previous year,” a CFA Romania statement reads.
CFA Romania macroeconomic confidence index was launched in May 2011, quantifying financial analysts’ anticipations on the economic activity in Romania for a time horizon of one year.
The survey is conducted during the last week of each month, and participants are members of CFA Romania and candidates for levels II and III of CFA exams.
Macroeconomic confidence index can range from 0 (no confidence) to 100 (complete confidence in the Romanian economy) and is calculated based on six questions.
Over two thirds of respondents (70%) expect an improvement in business conditions over the next 12 months and 54.8% forecast an improvement on the labour market.
The value of the macroeconomic confidence index recorded in April 2015 an increase of 2.6 points against the previous month, reaching a value of 70.7, a new historic high.
CFA Romania is the association of investment professionals in Romania, holders of the title Chartered Financial Analyst, qualification administered by the CFA Institute (USA). CFA Romania is one of the 144 member companies of the CFA Institute and has over 160 members.

- Advertisement -

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More