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Economy

The financial services confidence index fell

The Central Bank of the Republic of Turkey (CBRT) announced the results of the Financial Services Survey in June 2022. Financial Sector Operating Results 155 organizations It was assessed by weighting and aggregating the responses.

Thus, in June 2022, the FHGE decreased compared to the previous month. down 4.9 points to 168 took place. When the survey question delivery indices that make up the index are analyzed, it is seen that the demand for services over the past three months has affected FHGE on the upside, while the business situation over the past three months and the pending demand for services over the next three months have affected FHGE on the downside.

“CONTINUE THE WEAKNESS”

Based on assessments of the business situation and demand for services, assessments that there has been an improvement in the business situation over the past three months and expectations that an increase in demand for services over the past next three months are compared to the previous month. keep getting weaker observed. On the other hand, it has been observed that the assessments that there has been an increase in demand for services over the past three months have strengthened.

In June 2022, when the confidence indices of the ‘Finance and Insurance Activities’ sector are assessed by sub-sector, “64-Financial Services Activities (excluding insurance and pension funds)” and “66-Ancillary Activities of Financial Services and Insurance Activities » sectors are compared to the previous month. There was a decrease of 5.5 and 16.4 points, respectively, and an increase of 9.9 points in the “65-Insurance, reinsurance and pension funds (excluding compulsory social security services)” sector.

Source Cumhuriyet

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