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CFA: Macroeconomic confidence index in April, highest value in past 12 months

The macroeconomic confidence index of April this year stood at 44.0 points, as against 33.8 points in March, and, although it remains on negative grounds, this is the highest value registered over the past 12 months, shows the CFA periodical study on the perception of the macroeconomic developments in Romania.

The macroeconomic confidence index has values ranging from zero (lack of confidence) and 100 points (complete confidence in the Romanian economy) and is calculated based on six questions concerning the current conditions referring to the business environment and the labour market and the estimations on a one-year period for the business environment, labour market, personal earnings per economy and personal wealth evolution.

'The evolution of the index was owed to the significant improvement in its both components. The current conditions index stood at 31.3 points and the estimations index accounted for 50.4 points, the first positive value in the past 12 months,' shows the CFA study, remitted to Agerpres.

CFA Romania is the association of investment professionals in Romania, widely holding the title of Chartered Financial Analyst, a certification managed by CFA Institute, USA. CFA Romania is one of the 136 associations, members of CFA Institute.

CFA Romania has over 140 members.