Macroeconomic confidence index, up in September, due to current conditions

Macroeconomic confidence index, up in September, due to current conditions

CFA Romania’s macroeconomic confidence index recorded the value of 64.9 points in September 2015, up 2 points compared to the previous month, according to a CFA Romania press release issued for AGERPRES.

“The increase was owed to its current conditions component. Thus, the current conditions index was 67.5, up 5.9 points from the previous exercise, and the forecast indicator remained at 63.5,” the release reads.

As to the euro / leu exchange rate, the median values of expectations for the two periods of time considered recorded an anticipated exchange rate of 4.4500 lei for one euro in the 6-month period (similar to the value recorded in the previous exercise) and 4.4650 lei for one euro respectively, in slight increase from the previous exercises.

The forecast inflation rate for 12 months (July 2015 to July 2016) saw a median value of 1.25pct (0.25pct in the previous exercise). More…