LONDON (dpa-AFX) - UK financial services sector sentiment continued to weaken in the second quarter, the financial services survey from the Confederation of British Industry/ PricewaterhouseCoopers showed the Monday.
About 2 percent of firms said they were more optimistic about the overall business situation compared with three months ago, whilst 34 percent were less optimistic, giving a balance of -32 percent, compared with -43 percent in previous quarter.
Nonetheless, the balance of firms reporting higher business volumes in the second quarter rose to -3 percent from -12 percent a quarter ago.
Looking ahead to the quarter to September, a balance of -24 percent expects business volumes to fall.
'The financial services sector is in a relative state of flux. Business sentiment remains depressed, but trading levels are stable,' Andrew Kail, Head of Financial Services at PwC said.
'However, the wider industry is still in a strong position to drive positive change for consumers and achieve higher levels of performance.'
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