Romania's CFA macroeconomic confidence index plunges to historic low in October

The macroeconomic confidence index compiled by Romania's CFA Society association of analysts, based on a survey among its members, plunged sharply by 7.3 points to 30.2 points, with the current conditions (32.3 points) only marginally superior to the expectations (29.2 points).

The current conditions are at a historic low level, while the analysts have shared similarly gloomy expectations over the past couple of years, only last November, when the presidential elections were annulled, in May before the repeated presidential elections, and in June before the ruling coalition agreed on the first package of reforms.