December 23 (SeeNews) - CFA Romania, an association of investment professionals, said on Monday that the economic activity in the country is expected to improve in the next 12 months.
The index of analysts' expectations regarding the economic situation in Romania in the next 12 months measured 51 points in October, up 1.8 points compared to October, CFA said in a monthly survey. Compared with November 2018, the index was 12.3 points higher.
The macroeconomic confidence indicator rose by 2.5 points month-on-month to 56.9 points in November.
The perception of the current economic situation rose by 3.8 points month-on-month to 68.8 points in November.
The macroeconomic confidence indicator was 12.6 points higher in November compared to the same month of last year, while the current conditions index was 13.2 points higher.
The CFA analysts said they expect, on average, inflation of 3.52% in the year ending in December 2020.
Romania's consumer prices rose by 3.77% year-on-year in November, compared to an increase of 3.4% in the previous month, data from the national statistical office showed.
The CFA analysts expect an exchange rate of 4.8256 lei ($1.1/ 1.01 euro) per euro in the next six months and 4.8663 lei per euro in the next 12 months.
The CFA Society Romania Macroeconomic Confidence Index, first released by CFA Society Romania in May 2011, is an indicator that aims at quantifying financial analysts' expectations regarding 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 compiled based on six questions regarding current conditions of business and labour market; expectations about business, labour market, personal income and personal wealth.
(1 euro = 4.7716 lei)