Confidence in the Finance Sector Decreased in June

Confidence in the finance sector decreased in June. Financial Services Statistics and Financial Services Confidence Index were released.

The Financial Services Statistics and Financial Services Confidence Index (FHGE), which measures Turkish financial institution executives' recent assessments of their business situations and their expectations for the future, has been released. The index, which decreased by 0.7 points in June compared to the previous month, fell to 161.5. According to the monthly report of the CBRT (Central Bank of the Republic of Turkey) with expectations from 158 institutions operating in the financial sector; It was observed that the demand for services in the last three months and the expectation of demand for services in the next three months affected FHGE in an upward direction, while the business situation in the last three months affected FHGE in a downward direction. According to the evaluations on the business situation and the demand for services, it was observed that the results of the improvement in the business situation in the last three months weakened compared to the previous month, the increase in the demand for services in the last three months, and the expectations for an increase in the demand for services in the next three months. According to the evaluations regarding employment, it was observed that the trend in favor of those who reported an increase in employment in the last three months and those who expected an increase in employment in the next three months became weaker.