The CFA Romania Association's Macroeconomic Confidence Indicator increased by 2.3 points in August, to a still very modest level of 37.2 points, with both components (current conditions and expectations) in the recessionary side of the 0-100 point scale. Thus, the expectations component increased by 0.5 points, to 34.2, while the current conditions component increased by 5.8 points, to 43.4. "After the rating agencies affirmed Romania's sovereign rating, the confidence indicator has registered an increase over the last two months. However, the value of the indicator and of both its components still indicate recessionary conditions. According to the CFA survey, 88% of participants anticipate Romania remaining in the investment grade rating category in the next 12 months.