January 27 (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 54.1 points in December, up 3.1 points compared to November, CFA said in a monthly survey. Compared with December 2018, the index was 34.2 points higher.
The macroeconomic confidence indicator rose by 4.6 points month-on-month to 61.5 points in December.
The perception of the current economic situation rose by 7.6 points month-on-month to 76.4 points in December.
The macroeconomic confidence indicator was 32.8 points higher in December compared to the same month of last year, while the current conditions index was 30 points higher.
The CFA analysts said they expect, on average, inflation of 3.67% in the year ending in January 2020.
Romania's consumer prices rose by 4.04% year-on-year in December, compared to an annual increase of 3.77% in the previous month, the national statistical office said earlier.
The CFA analysts expect an exchange rate of 4.8823 lei ($1.13/ 1.02 euro) per euro in the next six months and 4.83 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 = 4.7790 lei)