In September 2013 economic expectations for Switzerland increased markedly by 9.1 points. Accordingly, the ZEW-CS-Indicator of economic expectations has reached the 16.3 points-mark, which is the highest reading since April 2013. 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 September, one fourth of the surveyed experts expect Switzerland's economic development to improve over a six-month time horizon. Close to two thirds of the surveyed participants foresee a stable economic development.
Analysts' assessment of the current economic situation in Switzerland has improved by 6.3 points to the reading of 37.2 points in September.
Optimism prevails with respect to the economic development of the Eurozone, too. Thus, economic expectations for the Eurozone have improved by 3.9 points reaching the 45.3 points-mark. Although some analysts remain cautious, the assessment of the current economic situation in the Eurozone has improved markedly: while 72.5 per cent of the surveyed experts evaluated the economic situation to be "bad" in the August survey, this ratio has dropped to 40.5 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?year=2013&submit=Los&si=FMCH
Press release Box-ID: 626230
ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung GmbH Mannheim
L 7
68161
Mannheim,
Germany
http://www.zew.de
Contact
Mr
Maxime
Botteron
+41 44 332 90 61
ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung GmbH 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.
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
