Driven by the positive macroeconomic figures released in August, the macroeconomic confidence indicator improved significantly by 8.1pp in August, to 45.6 points on a 0-100 scale where 50 indicates neutral sentiment.

The indicator improved for the second month in a row after reaching in June the lowest level since the war began in Ukraine. However, both its components remain low in August - particularly the expectations component - consistent with the expected economic slowdown in the coming quarters.

The current conditions component actually to 60.3% in August from 56.2 in July. The expectations component improved sharply by 10.2pp in August compared to July - but it remains at a low level of 38.3pp.

Inflationary expectations recorded the first decrease in the last two years, but the participants estimated that inflation would remain double-digit for at least the next 12 months, said Adrian Codirlaşu, Vice-President of the CFA Romania Association, quoted by Ziarul Financiar.

andrei@romania-insider.com

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