CFA Macroeconomic confidence index in Romania plunges in April ahead of presidential elections
The confidence in the national economy dropped sharply in April before the May 4-18 presidential elections by 10.6 points to a value of 33.3 points, well below the 50-point neutral benchmark, according to the Macroeconomic Confidence…
iulian ernst · Journalist
· Updated · 2 min read
The confidence in the national economy dropped sharply in April before the May 4-18 presidential elections by 10.6 points to a value of 33.3 points, well below the 50-point neutral benchmark, according to the Macroeconomic Confidence Indicator compiled by a survey carried out by the CFA Romania Society among its members. It was the lowest level since the outbreak of the Covid-19 pandemic.
Notably, the plunge was caused exclusively by the expectations component of the indicator, which decreased by 16.9 points to 25.9 points, while the current conditions component increased by 2.1 points to 48.2 points, Ziarul Financiar reported.
