1 C
December 2, 2020

Macroeconomic confidence index, slightly up in July

The macroeconomic confidence index for July 2013 reached 46.5 points, from 44.9 points in June, which means a slight increase mainly driven by a better anticipations index, finds the periodic survey of CFA regarding the perception of the macroeconomic evolution in Romania, money.ro informs. The macroeconomic confidence index takes values between zero (complete mistrust) and 100 points (total confidence in the Romanian economy) and is calculated taking into account the answers to 6 questions about the current conditions of the business environment and labour market, the anticipations of the business environment for a one-year interval, the labour market, the evolution of personal income at the scale of the national economy and the evolution of personal wealth.
“The evolution of the indicator was mainly due to the improvement of the anticipations index. The index of current conditions topped 23.8 pc, down from the value registered for the previous time interval, and the anticipations index reached 57.9 (the highest value since March 2012), which in concordance with the anticipations about the improving global macroeconomic climate,” finds the CFA poll. As for the EUR/RON exchange rate, the median cut values of anticipations for the two time horizons envisaged for the 6-month interval a value of 4.4500, against 4.5000 the previous month, and for the 12-month interval 4.5000, similar to that of the previous interval.

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