CFS Index remains stable thanks to good results in the last quarter
In the fourth quarter of 2023 at +0.8 points, the CFS Index shows almost unchanged stability in the German financial sector. Despite positive results, expectations for the first quarter of 2024 are significantly more pessimistic, particularly among service providers.
Optimistic expectations in the financial sector keep CFS Index level unchanged despite lower values in third quarter
The CFS index, which assesses the state of the German financial sector on a quarterly basis, remains virtually unchanged at 106.5 points (-0.1 points) – even though the financial sector reported declining figures in the third quarter. Find out more about the background in this article.
CFS survey on “Adherence to the debt brake”
German financial sector considers debt brake necessary – and favours option of easing during crisis periods.
Contrasting sentiment among financial institutions and service providers keeps CFS Index at unchanged level
Sentiment in the financial sector has shown contrasting trends in the first quarter of 2023. However, the CFS Index, which measures the business climate of the German financial sector on a quarterly basis, remains virtually unchanged at 107.9 points, just +0.1 points up on the previous quarter. Sentiment among the financial institutions deteriorated by -4.0 points, whereas it improved by +4.2 points among the service providers.
AI in the financial industry
The impacts of artificial intelligence (AI) on various areas of the economy and society have been discussed for some time. Now the release of text-based bots ChatGPT and Bard has brought the conversation about the opportunities and risks of AI to a new level. The CFS took this as an opportunity to conduct a survey on the prospects of AI in the financial industry.
Interest rate policy: German financial sector takes a critical view of ECB policy to date.
CFS survey on “ECB monetary policy” – Further increases in key interest rates expected
CFS Index remains on a downward trend
Sentiment in the financial sector has deteriorated for the third quarter in succession.
