Macroeconomic confidence index up in October due to expectations component

The CFA Romania macroeconomic confidence index reached 69 points this October, up 4.1 points from the previous month, shows a release of CFA Romania. "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 6.2 points to 67.9 points," reads the release.

As for the euro/leu exchange rate, the median expectation is 4.4500 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 a median value of 0.65 percent (as to 1 percent 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. 

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