CFA Society Romania

A Member of the CFA Institute Global Network of Societies

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 Brief information - latest Confidence Index

CFA Romania Macroeconomic Confidence Indicator for march 2018 grew slightly, 0.9 points up to 47.6 points. ​​​​​

This evolution is based on the anticipation component of the Indicator. Thus, current conditions component of the Indicator decreased by 2.9 points, down to 64.2 points, while anticipations indicator increased 2.8 points up to 39.4 points. 

Regarding EUR/RON exchange rate, over 83% of participants anticipate a depreciation of local currency within the next 12 months (compared to current rate). Thus average exchange rate according to anticipations is EUR/RON 4.7000 for the 6 months horizon and 4.7369 for the 12 months horizon. 

Please consult the indexes below for additional information​ and the Announcements section on Home page for the press release.​​​​

  
  
  
  
  
  
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 CFA Society Romania Confidence Index Description

CFA Society Romania Macroeconomic Confidence Index was firstly released by CFA Society Romania in May 2011 and repr​esents an indicator that aims at quantifying anticipations of the financial analysts on economic activity in Romania for a time horizon of one year.

The Index takes values between 0 (no confidence) and 100 ​(complete confidence in the Romanian economy) and is calculated based on six questions regarding:​

  • ​​Current Conditions - of business and labor market;
  • Expectations about: business, labor market, the evolution of personal income and of personal wealth at the economy level.

Participants are members of CFA Society Romania and candidates for levels II and III of the CFA exams.


 Evolution of Confidence Index

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 Evolution of EURRON parity

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 Evolution of Inflation Index (average)

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