Financial Services Confidence Index Increased in November
The Financial Services Confidence Index (FHGE) increased 8.3 points from the previous month in November, reaching 160.8.
The Central Bank of the Republic of Turkey (CBRT) announced financial services statistics and financial services confidence index for November.
According to the results of the survey obtained by weighting and adding the responses of 143 institutions operating in the financial sector, the index increased 8.3 points in November compared to the previous month, reaching 160.8.
DEMAND FOR SERVICES INCREASED IN THE LAST THREE MONTHS
When examining the diffusion indices of the survey questions that make up the index, all subindices, including the business situation in the last 3 months, the demand for services in the last 3 months, and the expectation of demand for services in the next 3 months, affected FHGE in an upward direction.
Based on assessments on the business situation and demand for services, assessments that there has been an improvement in the business situation in the last 3 months, assessments that there has been an increase in demand for services in the last 3 months and expectations of There will be an increase in demand for services that have been strengthened in the next three months.
According to employment assessments, the trend in favor of those who reported a decrease in employment in the last 3 months has strengthened, while the trend in favor of those who expect an increase in employment in the next 3 months has strengthened. weakened.
SITUATION IN SUBSECTORS
In November, when the confidence indices of the “Financial and insurance activities” sector were evaluated by subsectors according to the NACE Rev.2 sector classification, “64-Financial services activities (except insurance and pension funds)” and “65- Insurance, Reinsurance and Pension Funds (mandatory) There was an increase of 9.0 and 0.1 points, respectively, in the “excluding social security services” sectors compared to the previous month, and a decrease of 12.9 points in the sector “66-Financial Services and Auxiliary Activities Sector of Insurance Activities compared to the previous month. (AA)
Source: Sozcu
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