Economic Outlook Unchanged

ZEW-CS Financial Market Test Switzerland

Mannheim, (PresseBox) - Economic expectations for Switzerland remain nearly unchanged in November 2012, hovering at minus 27.9 points. 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.

A majority of experts (58.1 per cent) expect the economic development in Switzerland to remain stable on a six-month time frame. The share of participants anticipating a deterioration of the economic situation within the next six months amounts to 34.9 per cent, similar to the previous month.

Financial analysts' assessments of the current economic environment in Switzerland stabilises at the zero-point mark in November. This means that the share of analysts evaluating the economic situation as "good" is equally large as that of analysts evaluating it as "bad".

Both positions are represented by 16.3 per cent of experts. Around two thirds of experts (67.4 per cent) evaluate the current economic situation as "normal". In comparison to October, the disagreement between the experts on how to assess the current situation has grown.

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_201211.pdf

The Centre for European Economic Research (ZEW), Mannheim

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.

Zentrum für Europäische Wirtschaftsforschung GmbH (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.

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