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September 19, 2021
BUSINESS

CFA: Macroeconomic confidence index sees 1.2 point marginal decrease in October

The macroeconomic confidence index recorded a marginal decrease of 1.2 points in October from the previous month, hitting 45.6 points; the decrease was caused by developments in the ‘current conditions’ component, shows data  by CFA Romania.The macroeconomic confidence index is calculated on a scale ranging from zero (no confidence) to 100 points (full confidence in the Romanian economy), based on six questions concerning the current conditions in the business environment and the labor market, and one-year ahead expectations for the business milieu, the labor market, the evolution of personal incomes referenced to the economy and the evolution of personal wealth.The current conditions index was 40.2, down 3.6 points compared to the value registered in the previous survey period, and the expectations index remained steady at 48.4 points.As regards the EUR/RON exchange rate, the median expectations for both envisaged time horizons were 4.4500 (similar to the values recorded in the previous survey span).CFA Romania is the association of Romania’s investment professionals who hold the Chartered Financial Analyst’s title, a qualification managed by U.S.-based CFA Institute, which joins 136 members worldwide. CFA Romania has over 140 members.

 

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