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Financial Services Business Confidence Report H1 2015

Financial Services Business Confidence Report H1 2015

Synopsis

Financial Services Business Confidence Report H1 2015' is a new report by Timetric that globally analyzes industry opinions on the latest economic and customer issues, and their impact on investment decisions and growth prospects in the financial services industry. This report also examines executives' opinions on the current and future state of the economy, and its effect on the industry. It analyzes the likely effect of supplier price changes, sales performance, and staff headcount in the industry during January–June 2015, and provides an overview of the key priorities, threats and opportunities for the global financial services industry during January–June 2015.

Summary

  • The report examines the prevailing economic conditions and executive opinions of the global economy, and the state of the economy in various regions.
  • The report provides industry executives’ expectations on their companies' growth prospects and the industry as a whole for January–June 2015.
  • The report analyzes financial services industry executives’ opinions on global changes in consumer confidence during January–June 2015.
  • The report determines expected changes in supplier prices in various categories and their impact on business confidence, and examines the key factors influencing the changes.
  • The report tracks expected changes in staff headcount and sales among industry executives operating in various regions during January–June 2015.
  • The report ascertains the various investment activities on which industry executives intend to focus during January–June 2015.
  • The report examines industry executives’ attitudes to various business concerns, and provides regional analysis.
  • The report identifies the immediate business priorities of financial services industry executives for January–June 2015.
Scope

The report features the opinions of financial services industry respondents on the economic overview covering the following aspects:
  • The state of the economy
  • Growth prospects and consumer confidence
  • Supplier prices and levels of expenditure
  • Organizational outlook and strategy
Reasons To Buy
  • This report is the result of an extensive survey drawn from Timetric’s exclusive panel of leading financial services industry executives.
  • The report analyzes current economic conditions prevailing around the world and their impact on the financial services industry.
  • The report forecasts company and industry growth prospects over January–June 2015.
  • The report provides information about the likely impact of consumer confidence, supplier prices, and staff headcount on the investment decisions of industry executives during January–June 2015.
Key Highlights
  • Overall, 45% of financial services industry respondents state that they are operating in a stable economic environment, while 30% state that their current economic conditions are unfavorable.
  • The majority of global financial services industry respondents anticipate positive growth for both the company and industry during January–June 2015.
  • Executives operating in the Rest of the World anticipate an increase of 5.3% and 3.2% in sales growth and staff headcount respectively in H1 2015.
  • Globally, the majority of respondents indicated that improving operational efficiency and protecting and growing market share are among their top priorities.


  • DEFINITIONS and ABBREVIATIONS
  • Methodology and sample size
    • PROFILE OF RESPONDENTS
  • State of the economy
    • STATE OF THE ECONOMY: KEY POINTS
    • The highest percentage of respondents view global economic conditions to be stable during H1 2015
    • Executives indicate economic conditions to be more favorable in North America and Asia as compared to other regions
    • The majority of respondents who operate in Asia-Pacific highlight favorable opinion about their region
    • STATE OF THE ECONOMY: IN THEIR WORDS
  • Growth prospects and consumer confidence
    • GROWTH PROSPECTS AND CONSUMER CONFIDENCE: KEY POINTS
    • 70% of industry executives are positive about their company's growth prospects in H1 2015
    • Respondents are less optimistic about industry growth outlook compared to company growth outlook
    • Optimism over company and industry growth prospects is high among executives who operate in Asia-Pacific and the Rest of the World
      • Table How optimistic are you about your industry's and company's growth prospects over the next six months? Jan 2015-Jun 2015
    • The highest percentage of respondents anticipate positive change in consumer confidence over the next six months
    • Executives who operate in Europe indicate lower levels of consumer confidence as compared to those who operate in other regions
    • SUPPLIER PRICES AND CONSUMER CONFIDENCE: IN THEIR WORDS
  • Supplier prices and levels of expenditure
    • SUPPLIER PRICES AND SALES PERFORMANCE: KEY POINTS
    • Executives operating in the Rest of the World expect highest increase in supplier prices of IT services in H1 2015
    • The supplier prices of IT services are projected to increase by 2.1% over the next six months
      • Table How do you think supplier prices will change over the next six months compared to what they are now? IT services (Jan 2015-Jun 2015)
    • Globally, 33% of executives foresee an increase of 0.1% to 3.99% in recruitment prices during H1 2015
      • Table How do you think supplier prices will change over the next six months compared to what they are now? Recruitment (Jan 2015-Jun 2015)
    • Executives who operate in Asia-Pacific anticipate sales to grow by 5% during H1 2015
      • Table How do you think the following will change over the next six months compared to what it is now? (Average figures) (Jan 2015-Jun 2015)
    • Global financial services industry executives foresee highest increase in expenditure on new product development during H1 2015
      • Table How do you think spend will change on the following activities over the next six months, compared to the previous six months in your organization?
  • Organizational outlook and strategy
    • PRIORITIES AND CONCERNS: KEY POINTS
    • Economic, industrial and societal issues can impact operations, profitability and business strategies
    • Cybercrime and new competition are major concerns for executives with business operations in the Asia-Pacific region
    • Globally, respondents are most concerned about the performance of the eurozone, cybercrime and the threat of substitute products/services
    • The majority of executives who operate in Europe and the Rest of the World are apprehensive about the performance of the eurozone
      • Table How concerned are you about the following and the impact that they could have on your company's performance over the next six months? (Those who said `concerned' or `very concerned')
    • Overall, 70% of executives who operate in Asia-Pacific expressed concerns about the impact of cybercrime
      • Table How concerned are you about the following and the impact that they could have on your company's performance over the next six months? (Those who said `concerned' or `very concerned')
    • The majority of respondents with business operations in North America highlighted to increase focus on new product development
    • The highest percentage of executives who operate in Asia-Pacific and Europe expressed intentions to protect and grow market share
    • Globally, majority of respondents indicated improving operational efficiency and protecting and growing market share among top priorities
      • Table How much of a priority are the following over the next six months for your organization? Those who said "high" or "very high" (Jan 2015-Jun 2015)
  • Appendix

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