Financial Services Confidence Index rose in April

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Lerato Khumalo

Financial Services Confidence Index (FHGE) increased by 7.4 points in April to 177.7.

The Central Bank of the Republic of Türkiye (CBRT) announced the Financial Services Statistics and Financial Services Confidence Index for April.

According to the results of the survey obtained by weighing and consolidating the responses of 148 organizations operating in the financial sector, FHGE increased by 7.4 points compared to the last month and reached 177.7.

When the expansion indices of the questionnaire constituting the index were examined, it was seen that all sub -indices affected FHGE in the direction of increase in the last 3 months, demand for services in the last 3 months and demand for the services in the next 3 months.

According to business status and demand for services, the evaluations that there was improvement in the case of work in the last 3 months were strengthened compared to the previous month.

It has been observed that the expectations that there would be an increase in the demand for the services in the next 3 months and the expectations that there would be an increase in the services in the next 3 months.

According to employment evaluations, the increase in employment in the last 3 months and those who reported that there will be an increase in employment in the next 3 months was strengthened.

According to evaluations about profitability, the increase in profitability in the last 3 months in favor of the course weakened compared to the previous period compared to the previous period, the future 3 months in favor of those who expect to increase the profitability was strengthened.

In April 2025, when NACE REV.2 SEVGİNLİ INSURANCE AND INSURANCE ACTIVITIES IN THE SECTOR classification is evaluated in terms of sub-sectors in the sector, 8.4 points increase in the ”64-Finance Service Activities (Except Insurance and Pension Funds)” sector compared to the previous month, “65-Customa, Reinsurance and Pension Funds (except for compulsory social security services) Auxiliary Activities for Activities “sectors, respectively, decreased by 6.8 and 3.3 points respectively.