The macroeconomic confidence indicator compiled by CFA Romania significantly increased in October, reaching 65.3 points, up 12 points compared to 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 15.9 points in October, reaching a historic high of 82.9 points. The analysts’ expectations also saw an improvement, going up by 10.2 points to 56.6 points.

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