How is the end of the year shaping up, and what are the expectations for the business environment in H2 2024? CONFIDEX 11th Edition begins
Companies are already adjusting their investment budgets and slowing down the outsourcing of services, which indicates a more cautious approach in a still-challenging economic and geopolitical context. - Business leaders in Romania are…
- Companies are already adjusting their investment budgets and slowing down the outsourcing of services, which indicates a more cautious approach in a still-challenging economic and geopolitical context.
- Business leaders in Romania are encouraged to participate in the CONFIDEX Edition 11 survey. The responses will help formulate an index that reflects the confidence of the business environment in the national economy for H2 2024.
- The previous edition of the CONFIDEX study, conducted in H1 2024, highlighted the highest value of the CONFIDEX index measured in the last four years, reaching 52.5.
CONFIDEX, the longitudinal study that measures the level of confidence of entrepreneurs and managers in the evolution of the Romanian economy, launches a new edition – data collection for the 11th edition of the study starts now. Entrepreneurs and top executives in Romania are invited to contribute to the assessment of confidence in the Romanian economy by completing the CONFIDEX Edition 11 questionnaire by November 1st.
"In an economic context characterized by fluctuations, the Romanian business environment needs a tool that provides both quantitative and qualitative data regarding confidence in the economy's performance. It is essential for managers and entrepreneurs to have access to accurate and updated data to make informed strategic decisions. In today's economic landscape, this 11th edition is expected to provide a thorough analysis of business leaders’ perceptions regarding the challenges and expectations at the close of 2024 and the start of 2025," stated Andrei Cionca, Co-founder of ROCA Investments.
The previous edition of the CONFIDEX study, conducted in H1 2024, reported the highest value of the CONFIDEX index measured in the last four years, which was 52.5. This increase reflects a backdrop of declining inflation, rising GDP, and increasing optimism within both the domestic and international business communities regarding economic trends. The index's value witnessed an improvement from the previous year’s peak of 50.2 reported in the first half.
Managers’ Expectations vs. Economic Reality
The latest data published by the National Institute of Statistics on Romania's Gross Domestic Product (GDP) shows a modest real growth of just 1.4% compared to H1 2023, amid the unsatisfactory performance of the agriculture, industry, and construction sectors. This aligns with the cautious optimism recorded in the 10th edition of CONFIDEX, where only 38% of respondents anticipated a GDP increase.
