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March 4, 2021
ECONOMY FINANCE&BANKING

CFA Romania Macroeconomic Confidence Index advances to 65.8 points in May

CFA Romania Macroeconomic Confidence Index advanced to 65.8 points in May 2016, up 4.9 points on a monthly basis, according to a press statement released by CFA Romania on Saturday.
‘In May 2016, the CFA Romania Macroeconomic Confidence Index stood at 65.8 points, up 4.9 points from the month before, on improving current conditions component. Thus, the current conditions indicator stood at 77.1 points, a record high, up 11.8 points, while expectations went up 1.4 points to 60.2 points,’ the statement reads.
As far as the exchange rate of Romania’s national currency, the leu, is concerned, the median value of expectations in six months against the euro reached 4, 5000 lei to the euro, similar to the previous value.
The annual inflation expectation in 12 months (June. 2016/June. 2015) recorded a median value of 1.45 percent, down 0.05 percent from the previous expectations.
The CFA Romania Macroeconomic Confidence Index was launched in May 2011 by CFA Romania as an index that quantifies the expectations of financial analysts from Romania’s economy over one year.

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