Economic Expectations Reach Balanced Level

ZEW-CS Financial Market Test Switzerland

Mannheim, (PresseBox) - In March 2012 economic sentiment for Switzerland has improved markedly by 21.2 points and is now balanced at the 0.0 level. This is the third consecutive increase of the ZEW-CS Indicator. The ZEW-CS Indicator is calculated monthly by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS). The indicator reflects the expectations of the surveyed financial market experts regarding the economic development in Switzerland on a six-month time horizon.

Since the indicator's low in December 2011 the share of analysts expecting the economic situation to worsen decreased by 46 percentage points. It now amounts to 28.0 per cent. An equal share of financial market experts expects the Swiss economy to brighten up over the next six months.

Financial market experts' opinion on the current economic situation improved in March, too. The respective indicator increased by 9.5 points to the minus 6.0 mark.

Regarding the exchange rate of the Swiss franc versus the Euro a majority of experts (58.0 per cent) expect a stable rate. Only 14.0 per cent of the surveyed analysts see the Swiss franc to increase versus the Euro in the next six months.

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):

https://marketdataresearch.credit-suisse.com/cs/mdr/p/d/qrr/oneCMScontent/doc/pdf/zew_en_201203.pdf

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 180, 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.

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