CFA: the indicator for macroeconomic trust dropped in August and got on negative territory again

The value of the indicator of macroeconomic trust for August recorded a drop of 8.5 points to the previous month reaching the value of 47.2, the survey of CFA regarding the perception on the macroeconomic evolution in Romania. According to the quoted source, the reduction was due to the element of estimation in the indicator.

Thus, the indicator of current conditions was 41.8 dropping by over 5 points against the value recorded in the previous exercise, and the indicator of estimates was reduced by approximately 10 points recording the value of 49.9.

‘As regards the exchange rate EUR/RON, the average values of estimates for the two horizons of time under discussion mentioned an estimated exchange rate of 4.4500 for both horizons ( similar values to those recorded in the previous exercise) the press release says.

CFA Romania is a professional association for investments in Romania, having the title of Chartered Financial Analyst, qualification administered by CFA Institute (US). CFA Romania is one of the 136 member companies of CFA Institute. CFA Romania has over 140 members.

Developed by Codecraftsman