ZEW-CS Financial Market Test Switzerland - Economic Outlook Improves Once Again

Economic expectations for Switzerland have improved by 8.6 points in January 2013, raising the ZEW-CS Indicator to a level of minus 6.9 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.

In January the indicator improved for the fourth consecutive month. Its new level has been exceeded for the last time in May 2012 (May 2012: minus 4.0 points). At that time the indicator was close to its last year’s peak. Economic expectations also clearly overshoot previous year’s January value of minus 50.1 points. However, the majority of experts (65.9 per cent) still expect the Swiss economic situation to remain unchanged over the next six months.

Financial analysts’ assessments of the current economic environment in Switzerland improve by 9.4 points reaching a level of 16.0 points. Compared to the value of minus 14.7 points in January 2012 experts’ evaluation of the economic situation is much more optimistic now.

For further information please contact

Lena Jaroszek (ZEW), Phone +49 621/1235-380, E-mail jaroszek@zew.de

Maxime Botteron (CS), Phone +41 443329061, E-mail maxime.botteron@credit-suisse.com