{"id":2804,"date":"2024-11-29T07:02:35","date_gmt":"2024-11-29T07:02:35","guid":{"rendered":"https:\/\/ofero.news\/?p=2804"},"modified":"2024-11-29T07:02:35","modified_gmt":"2024-11-29T07:02:35","slug":"romanias-esi-confidence-index-hits-highest-level-in-five-years-before-elections","status":"publish","type":"post","link":"https:\/\/ofero.news\/?p=2804","title":{"rendered":"Romania\u2019s ESI confidence index hits highest level in five years before elections"},"content":{"rendered":"<p>The confidence indicator in the Romanian economy (ESI) remained in November at the highest level in the last 5 years, for the second month in a row, against the background of better assessments of managers in the trade sector and especially the increase in consumer optimism before the presidential and parliamentary elections, <a href=\"https:\/\/www.profit.ro\/stiri\/economie\/grafice-increderea-in-economie-se-mentine-la-cel-mai-ridicat-nivel-din-ultimii-5-ani-in-noiembrie-consumatorii-sunt-mai-optimisti-21851375?mc_cid=c080868cb1&amp;mc_eid=cd1f92f96c\" target=\"_blank\">Profit.ro<\/a> reported.<\/p>\n<p>The performance comes against difficult macroeconomic circumstances, with the year\u2019s GDP growth expectations plummeting below 1% and a painful fiscal corrective package (yet not sketched) ahead.\u00a0<\/p>\n<p>Indeed, private consumption remains surprisingly robust, driven by higher incomes, lower interest rates, and rampant consumer lending.<\/p>\n<p>The confidence index in the economy (economic sentiment indicator &#8211; ESI) remained at 105.9 points, a level also recorded in October, the highest since the COVID-19 pandemic.<\/p>\n<p>The ESI is calculated by the European Commission based on the responses of managers in the main sectors of the economy, as well as consumers, and has a high degree of correlation with the evolution of the gross domestic product. A value above 100 points generally indicates that the economy is growing, while one below this level shows a contraction.<\/p>\n<p><em>iulian@romania-insider.com<\/em><\/p>\n<p><em>(Photo source: <a href=\"https:\/\/www.dreamstime.com\/\" target=\"_blank\">LovelyDay12\/Dreamstime.com<\/a>)<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>The confidence indicator in the Romanian economy (ESI) remained in November at the highest level in the last 5 years, for the second month in a row, against the background of better assessments of managers in the trade sector and especially the increase in consumer optimism before the presidential and parliamentary elections, Profit.ro reported. The [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2804","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/2804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2804"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/2804\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}