The CFA Romania Macroeconomic Confidence Index declined by 15.6 points in December 2018 compared with the previous month to 28.7 points, while compared with the same month of the previous year it lost 12.3 points, according to a press release sent to AGERPRES on Tuesday.
The current conditions indicator fell 9.1 points from the previous month to 46.4 points (minus 12.5 points versus December 2017). The expectations indicator dropped 18.8 points, to 19.9 points (minus 12.2 points versus December 2017).
Regarding the EUR/RON exchange rate, more than 87% of the participants estimate a depreciation of the RON in the next 12 months (compared with the present value). Thus, the average estimate for the 6-month horizon is 4.7168, while for the 12-month horizon the average value of the expected rate is 4.7883.
The estimated inflation rate for the 12-month horizon (January 2020/January 2019) recorded an average value of 3.93%.
"Also, more than 73% of the respondents expect a decline in the Bucharest Stock Exchange's BET index in the next 12 months," according to the same release.
The CFA Romania Macroeconomic Confidence Indicator was launched by CFA Romania in May 2011 and is an indicator through which the association wishes to quantify the financial analysts' predictions about the economic activity in Romania for a one-year horizon. Also, the survey based on which the Indicator is calculated included questions regarding the assessment of the current macroeconomic conditions.
CFA Romania: Macroeconomic Confidence Index down 15.6 points in December, to 28.7 points
Sursă foto: zf.ro
Distribuie articolul
Distribuie articolul
Articole Similare
13
DefMin Miruta: Romania must not be only a beneficiary of security, but also a provider;we need competitive industry
13
13
HealthMin Rogobete: Regional Oncology Institute in Timisoara must become operational by end of 2028
13
16
Geoana: Transatlantic relation remains essential and unique, but it needs to find a new balance
16
12
Gov't welcomes purchase of Giurgiulesti International Port operator, as it contributes to strengthening Strategic Partnership
12
11
Finance minister says priority remains continuation of budgetary discipline and economy relaunch on sustainable basis
11
20
BrancusiYear/Small table and trovants, story of Constantin Brancusi's lesser-known works
20
18
Fitch affirms Romania at 'BBB minus'; outlook negative
18
13
DefMin Miruta has meetings with European defence industry representatives on Munich conference sidelines
13
15
Figures from real economy show for two years we not well (professor Cristian Paun)
15
17
FEATURE STORY/Daniel Castle in Talisoara features murals of local aristocratic life, similar to today's social-network style
17
11
International Master's programme Inclusion Studies launched by Stefan cel Mare University, two European universities
11
10
Bucharest Stock Exchange closes lower Friday's trading session
10
13
Foreign Minister Toiu: NATO remains committed to strengthening deterrence and defence on Eastern Flank
13
Comentează