Economic Expectations Improve Once Again

ZEW-CS Financial Market Test Switzerland

(PresseBox) ( Mannheim, )
In October 2013 economic expectations for Switzerland increased markedly by 8.6 points. This is the fourth consecutive improvement. Accordingly, the ZEW-CSIndicator of economic expectations has reached the 24.9 points-mark, which is the highest reading over the past three years. 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 October, almost one third of the surveyed experts expect Switzerland's economic development to improve over a six-month time horizon. Only 6.3 per cent of analysts expect a decline.

Analysts' assessment of the current economic situation in Switzerland has been improving continuously. In October the balance rises by 6.5 points to a reading of 43.7 points.

Optimism also prevails with respect to medium-term forecasts of GDP growth. On average the expectations of the surveyed experts with respect to 2014 GDP growth rate rose from 1.4 per cent in July to 1.8 per cent in the current survey.

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):

http://www.zew.de/en/publikationen/finanzmarktreportschweiz/finanzmarktreportarchivschweiz.php?ye ar=2013&submit=Los&si=FMCH

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.
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