CFA: macroeconomic confidence indicator dropped in August by 9 points

The macroeconomic confidence indicator compiled by CFA Romania dropped in August, reaching 50.7 points, down 9 points over the previous month.

The indicator has a component that evaluates current economic conditions and one that looks into the expectations about the economy. The indicator that looks into the current economic conditions went down by 6.4 points in August reaching 68.6 points.

The analysts’ expectations decreased by 10.2 points to 41.8 points. The expectations on business conditions in Romania over the next 12 months worsened, with the indicator dropping to -60% in August from -25% in July.

The CFA indicator was launched in 2011. It quantifies the analysts’ perception of Romania’s economy for one year. The indicator ranges between 0 (lack of trust) to 100 (complete trust).

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