The percentage of respondents answering “satisfied” to the question “are prevailing business conditions satisfactory or unsatisfactory?” is taken as the indicator of financial sector confidence. The EY Financial Services Index (FSI) reflects the unweighted average confidence of four segments of financial services, namely retail banking, investment banking, asset management and life insurance.
Theoretically, the index can vary between a maximum of 100 (which indicates that all respondents were satisfied with prevailing business conditions) and a minimum of zero (indicating that all respondents were unsatisfied). However, over the period 2002 to 2014 the index varied between 40 and 100. The long term average is 76 and could therefore be regarded as the neutral level.
For more information on how the BER conducts the Financial Services Survey, click here.
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