CFA: Romania’s macroeconomic trust indicator reaches 4-year low

Newsroom 27/10/2017 | 11:45

Romania’s macroeconomic trust indicator dropped at 45.5 points in September which is the lowest value in the last four years, according to a survey of the association of Chartered Financial Analysts (CFA).

“The macroeconomic trust indicator of CFA Romania dropped by 5.3 points in September 2017 and is now at 45.4 percent,” said a press release of CFA Romania.

According to CFA, the decline was generated by both of the indicator’s components. Therefore the current conditions indicator is now 63.9 points (4.6 points less) and the indicator is now 36.1 points (5.7 points less).

The Romanian currency RON is also expected to drop in the next 12 month according to 79 percent of the survey participants. The CFA Romania expects the average value to be at RON 4.630 in the next six months and at RON 4.669 in the next 12 months. They also said that the inflation anticipation rate recorded a average value of 2.36 percent.

The Romanian Macroeconomic trust indicator was launched by CFA Romania in May 2011 to anticipate the financials and economic activity over one year. The indicator gets values between 0 (lack of trust) and 100 (full trust in Romanian economic) based on six questions.