Economic Expectations Decrease for the Third Consecutive Month

ZEW-CS Financial Market Test Switzerland

Mannheim, (PresseBox) - In March 2014 economic expectations for Switzerland have decreased by 9.7 points reaching a level of 19.0 points. This is the third decline of the ZEW-CS-Indicator in a row. Thereby, economic expectations for Switzerland have lost more than 17 points in the first quarter of 2014. The ZEW-CS Indicator reflects the expectations of the surveyed financial market experts regarding the economic development in Switzerland on a six-month time horizon. It is calculated monthly by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS).

In March the current economic situation in Switzerland is assessed only slightly worse compared to February. The respective indicator has declined by 4.7 points to the 42.9 points-mark.

The Crimean Conflict and the current tensions with Russia potentially influence analysts' stock market expectations: The performance of the Swiss Market Index (SMI) is assessed significantly more pessimistic compared to last month's survey. The respective indicator fell by 11.2 points to 32.5 points. Likewise, expectations for the European stock markets have lost ground. The assessment of the development of the EURO STOXX 50 has dropped by 8.4 points to the 37.9 points reading.

Detailed results:

More detailed results - including survey participants' assessment of developments in other countries - can be found in this month's edition of the "Switzerland Financial market report" (please note that the URL is case sensitive):

Zentrum für Europäische Wirtschaftsforschung GmbH (ZEW)

ZEW is one of Germany's leading economic research institutes and enjoys a strong reputation throughout Europe. ZEW has distinguished itself by analysing internationally comparative issues in the European context and creating data bases important for scientific research, e.g.

Mannheim Innovation Panel (MIP), ZEW Start-Up Panel. ZEW's key objectives are conducting economic research, providing economic policy advising and transferring knowledge. ZEW was founded in 1990 and currently employs a staff of 190, of which two thirds are researchers.

Research at ZEW:

International Finance and Financial Management; Labour Markets, Human Resources and Social Policy; Industrial Economics and International Management; Corporate Taxation and Public Finance; Environmental and Resource Economics, Environmental Management; Information and Communication Technologies; Growth and Business Cycles; Competition and Regulation; International Distribution and Redistribution. /

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