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Economic expectations for Switzerland edge down

ZEW-CS Financial Market Test Switzerland

(PresseBox) (Mannheim, ) According to the Financial Market Survey Switzerland, economic expectations diminished somewhat in July. In the wake of continuously climbing in the first half of 2009, the relevant ZEW/ Credit Suisse indicator edged down by 9.7 points, reaching the neutral threshold of zero. The indicator for the assessment of the current economic situation dipped slightly below the previous month's mark in July, down 2.5 points to the minus 70.2 level. The Financial Market Test Switzerland is carried out monthly by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse.

Regarding short-term interest rates, 89.3 percent of analysts forecast rates holding steady on a six-month horizon. On the other hand, inflation expectations declined compared with the June reading, with the corresponding balance dropping by 20.5 points to the 2.1 level. Although 55.6 percent of the financial market experts continue to predict that the Swiss Market Index (SMI) will gain terrain, the relevant indicator lost ground by 17 points in the July survey and now stands at the 37.8 mark.

Detailed results More detailed results - including survey participants' assessment of developments in other countries - can be found in this month's press release edition of the "Switzerland Financial market report" (please note that the URL is case sensitive): https://www.credit-suisse.com/upload/news-admin/000000021921.pdf

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