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
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 for personal information and editorial processing is generally free of charge. Please clarify any copyright issues with the stated publisher before further use. In the event of publication, please send a specimen copy to service@pressebox.de.