Macroeconomic confidence indicator dropped in December

 The macroeconomic confidence indicator of CFA Romania registered 69.8 points in December 2015, on the drop by 2.5 points compared to the previous month, due to the anticipation component. “The drop was due exclusively to its anticipation component. The current condition indicator was 65, on the rise by 1.9 points, while the anticipation component dropped by 4.7 points to 72.2 points,” according to a CFA Romania press release.

The euro/leu exchange rate, the average anticipation values for the two time values considered showed an anticipated rate of 4.5000 for 6 months and 4.4750.

The anticipated inflation rate for 12 months (January 2016/January 2017) registered an average value of 0.70% (compared to 1%).

According to CFA, over 80% of respondents anticipate the increase of interest rates, both for short terms and for average ones (5 years).

CFA Romania is the association of investment professionals in Romania, holders of the title Chartered Financial Analyst, administered by CFA Institute (USA). CFA Romania is one of the 144 societies members of CFA Institute and has over 170 members.  

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