Please find information and illustration regarding the calculation of
the CFS Financial Center Index below.

Index Calculation of the CFS - Financial Center Index:

The CFS Financial Center Index is compiled from different sub-indices. The survey contains four questions about the participant’s view on different business parameters (transaction volume, profits, employment and investment in product- and process innovations). The answers to the questions may be given as “positive”, “neutral”, or “negative” and a response is requested for the previous and the current quarter. All participants are allocated to branch-specific groups. Within each group, a balance of the share of positive and negative responses is evaluated and transformed into performance data. These performance data are then aggregated in order to constitute the CFS Financial Center Index.

Illustration of CFS Financial Center Index calculation: