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Press release Box-ID: 383254

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

Expectations Deteriorate Significantly

ZEW-CS Financial Market Test Switzerland

(PresseBox) (Mannheim, )
Economic expectations for Switzerland continued to diminish significantly in October. The ZEW-CS Indicator dropped by 22.4 points, dipping into very negative territory at minus 27.5 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.

Besides the decline of economic sentiment it should be noted that the indicator for the assessment of the current economic situation gained further 4.0 points this month and is now hovering at the 45 mark. Still, expectations regarding the interest rate environment declined again on the heels of the increase in the previous month, with 75 percent of the surveyed analysts (+21.2 percentage points) anticipating that short-term rates will hold steady at the current low levels over the coming six months.
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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.