Economic Outlook Improves Slightly

ZEW-CS Financial Market Test Switzerland

Mannheim, (PresseBox) - Economic expectations for Switzerland have improved by 6.0 points to the minus 28.9 points-mark in October 2012. Thus, the ZEW-CS-Indicator of Economic Sentiment has increased by a total of 14.5 points since June 2012. 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.

In October fewer analysts expect the economic development in Switzerland to deteriorate on a sixmonth time frame. Their share now amounts to roughly one third. However, not even one in ten experts anticipates an improvement of the economic situation within the next six months.

Financial analysts' assessments of the current economic environment in Switzerland worsened once more in October. The respective indicator drops by 9.0 points to the minus 4.4 points-mark. This is the first time since March 2012 that the indicator fell into negative territory. The indicator's hovering around the zero-point-mark reflects the majority's view to evaluate the current economic situation as "normal" (82.8 per cent). However, by now roughly ten per cent of the participants evaluate the current state of the economy as "bad".

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_201210.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.

www.zew.de / www.zew.eu

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