BUSINESS ECONOMY

CFA macroeconomic confidence index down in June

The macroeconomic confidence index calculated by CFA Romania (the association of Chartered Financial Analysts) dropped by 6.4 percent in June to 70.8 percent, as analysts’ expectations were lower.
A release of CFA Romania on Monday explained that the current conditions scored a new maximum of 67.5 percent in June, up by 6.4pct; the expectations index, however, was lower by 10.7pct to 72.6pct.
The average euro/leu exchange rate 6-month and one-year forecasts both stood at 4.4500; the figures were similar to May ones.
The expected annual inflation rate was 1.38 percent on the average for the June 2016 over June 2015 period.
CFA Romania is an association of Romanian investment professionals recognized by the American CFA Institute. CFA Romania is one of the institute’s 140 member associations; it includes 160 analysts.

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