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CFA Romania Macroeconomic Confidence Index dropped 4.3 points in December 2016
The CFA Romania Macroeconomic Confidence Index dropped 4.3 points in December 2016 from the previous month to 61.3 points.
According to a CFA Romania release, the current conditions indicator was 75, down 2.3 points on a monthly basis, and the expectations indicator dropped 5.4 points to 54.5 points.
As far as the exchange rate of Romania's national currency, the leu against the euro is concerned, the median expectation is 4.5000 for a 6-month horizon (similar to the level registered in the previous reporting period), while expectations for the 12-month horizon stand at 4.5000 (down 100 price interest points - pips from the previous reporting period).
The expected inflation rate for the 12-month horizon (January 2018/January 2017) registered a median value of 1.50 percent, down 0.35 percent from the previous reporting period.
The CFA Romania Macroeconomic Confidence Index was launched in May 2011 by CFA Romania as an indicator that quantifies the expectations of financial analysts for Romania's economy over one year.
The survey is carried out in the last week of every month among CFA Romania members and candidates for Level 2 and 3 certification exams
CFA Romania is the association of Romania's investment professionals who hold the Chartered Financial Analyst title, a qualification managed by the U.S.-based CFA Institute. CFA Romania currently has over 200 members.