The macroeconomic confidence indicator compiled by CFA Romania increased in February, reaching 56.9 points, up 2 points over the previous month.

The indicator has a component that evaluates current economic conditions and one that looks into the expectations about the economy.

The indicator that looks into the current economic conditions went up by 4.3 points in February, reaching 67.9 points. The analysts’ expectations also saw a slight improvement, going up by 0.8 points to 51.3 points.

As for the exchange rate, 67% of the participants anticipate a depreciation of the Romanian currency ‘Leu’ in the next 12 months. The expected inflation rate for the next 12 months saw an average value of 1.5%, according to the analysts’ answers.

Most of the analysts expect the interest rates on local currency loans to go up for both short-term maturities (three months), and for the medium term (five years).

The CFA indicator was launched in 2011. It quantifies the analysts’ perception of Romania’s economy for one year. The indicator ranges between 0 (lack of trust) to 100 (complete trust).

editor@romania-insider.com