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BUCHAREST (Romania), May 14 (SeeNews) - CFA Romania, an association of investment professionals, said on Monday that the state of the country's economy is expected to slightly improve in the next 12 months.
CFA analysts' expectations regarding the economic situation in Romania in the next 12 months rose by 1.7 points to 41.1 points in April, CFA said in a monthly survey.
The macroeconomic confidence indicator rose by 1.9 points month-on-month to 49.5 points in April, boosted by the positive perception of the current economic situation - an indicator which rose by 2.2 points on the month to 66.4 points in April.
The CFA analysts said they expect, on average, inflation of 4.55% in the year ending in April 2019, up 0.23 percentage points compared to their expectations in March.
Romania's annual consumer price inflation quickened to 5.2% in April from 5.0% in March, reaching a five-year high, the national statistical office, INS, said on Monday.
The CFA analysts expect an exchange rate of 4.7106 lei ($1.21/ 1.02 euro) per euro in the next six months and of 4.7540 lei per euro in 2018.
The CFA Society Romania Macroeconomic Confidence Index, first released by CFA Society Romania in May 2011, represents 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 calculated based on six questions regarding current conditions of business and labour market; expectations about business, labour market, personal income and personal wealth.
(1 euro = 4.6289 lei)