CFA Romania: Macroeconomic Confidence Index up 4.9 points in August, to 50 points

The CFA (Chartered Financial Analysts) Romania Macroeconomic Confidence Index increased in August as compared to the previous month by 4.9 points to 50 points, but as compared to the same month of the previous year, the Index dipped 0.7 points, a release of the CFA Romania investment professionals' association informs. 

According to the source, this evolution is the effect of a rise in both its components. 

Thus, the current condition indicator went up 5 points from the previous month, to 64.8 points, but from the the same month of the previous year, it decreased by 3.8 points. 

The expectations indicator rose by 4.8 points to 42.6 points. As compared to the same month of the previous year, the expectations indicator increased by 0.8 points. 

As far as the exchange rate of Romania's national currency against the euro is concerned, 75 percent of the participants expect a depreciation of the leu in the next 12 months (as compared to the current level). The median value of expectations for the 6-month horizon reached 4.6935 lei to the euro, whereas the 12-month horizon stands at 4.7375. The inflation's anticipation rate for the 12-month horizon (August 2019/August 2018) recorded a median value of 4.13 percent. 

CFA Romania is an association of investment professionals in Romania, mostly chartered financial analysts (CFA), a qualification administered by the CFA Institute of the US.