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Press release Box-ID: 531541

ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung GmbH Mannheim L 7 68161 Mannheim, Germany http://www.zew.de
Contact Ms Kathrin Böhmer +49 621 1235103
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ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung GmbH Mannheim

Economic Outlook Less Pessimistic

ZEW-CS Financial Market Test Switzerland

(PresseBox) (Mannheim, )
In August 2012 economic expectations for Switzerland improved by 9.2 points compared to the July reading. The ZEW-CS Indicator thus reaches a level of minus 33.3 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.

The share of financial market experts expecting the economic environment in Switzerland to deteriorate on a six month horizon decreased by 4.4 percentage points to 40.0 per cent. The group of experts anticipating the economic situation to improve increased by a comparable size. However, with a share of 6.7 per cent the group of optimists is still relatively small. 53.3 per cent of the surveyed analysts expect the economic development in Switzerland to remain stable over the next six months.

Financial analysts' assessment of the current economic environment worsened slightly in August. However, after a decrease by 7.4 points the indicator still stays in positive territory reaching a mark of 11.0 points in August.

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_201208.pdf

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.

www.zew.de / www.zew.eu

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The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.