ZEW-CS Financial Market Test Switzerland - Expectations Remain Dampened

Economic expectations for Switzerland decreased in November 2011. The relevant ZEW-CS-Indicator dropped by 9.9 points to the minus 64.3 threshold. 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 indicator for the assessment of the current economic situation also continued to follow its downward trend. The balance for the assessment recorded deterioration by 16.2 points to the minus 4.8 mark. The indicator for inflation expectations also declined further. It now stands at the minus 17.0-point level.

For further information please contact

Dr. Gunnar Lang (ZEW), Phone +49 621/1235-372, E-mail lang@zew.de

Fabian Heller (Credit Suisse), Phone +41 44 332 90 61, E-mail fabian.heller@credit-suisse.com