CFS Financial Center Index returns to positive after a good third quarter
Revenues and earnings increased in Q3 / Optimistic expectations for the fourth quarter / Special survey: Liikanen-Report on EU banking sector reforms
The CFS Financial Center Index increased by 2.9 points at the beginning of the fourth quarter of 2012 to 111.7 points. Thus, the business climate in the German financial industry has recovered from the negative sentiment which was reported at the start of the third quarter. In April, at the beginning of the second quarter of 2012, the index stood at 111.1 points before suffering a setback at the start of the third quarter. The current increase in the index is due to higher revenues and earnings of financial institutions and service providers in the third quarter and is based on positive earnings expectations for the fourth quarter. The CFS Financial Center Index is based on a survey of about 400 companies in the financial center of Germany by the Center for Financial Studies Frankfurt.