The macroeconomic confidence indicator registered in March a month-on-month growth of 5.8 points, reaching 68.1 points, a historic high, a CFA Romania communiqué shows. The Chartered Financial Analyst designation administered by the CFA Institute (USA) is one of the most prestigious in the world among financial professionals.
The macroeconomic confidence indicator is measured on a scale of zero (lack of confidence) to 100 (full confidence), on the basis of six questions concerning the current business environment and labour market conditions and the expectations that concern the business environment, the labour market and the evolution of the personal income at economy level and the evolution of personal wealth over a period of one year.
The growth was due to both components of the indicator. Thus, the indicator pointing to current conditions stood at 53.8 points, a historic high, up by 8.6 points compared to the value registered previously, while the expectations indicator grew 4.4 points to 75.2 points (a historic high).
In what concerns the EUR/RON exchange rate, the average levels of the expectations for the two periods considered pointed to an expected exchange rate of RON 4.4400/EUR over 6 months (compared to RON 4.4500 the month before) and RON 4.4500 over 12 months (compared to RON 4.4600 the month before).
CFA Romania is the association of investment professionals in Romania, holder of the Chartered Financial Analyst designation. CFA Romania is one of the 144 societies that are members of the CFA Institute and has over 160 members.