“Optimism among financial services firms in decline” reports PwC
Optimism among businesses resident in the financial services sector fell for the second consecutive quarter in the three months to June amid stronger competition, rising uncertainty about demand and slowing profits growth. This is according to the latest CBI/PwC Financial Services Survey.
The quarterly survey of no less than 111 financial services firms found that banks, securities traders and investment management firms were less optimistic about the general business situation than three months earlier, but sentiment in other sectors either improved or was stable.
Overall business volumes continued to rise at a healthy rate, in line with expectations, and the outlook is for a similar expansion next quarter.