ZEW-CS Financial Market Test Switzerland - Economic Expectations Unchanged

In June 2013 the ZEW-CS Indicator of economic expectations for Switzerland remains at the level of 2.2 points. This level exactly equals the balance of the previous month’s expectations. 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.

Although the share of analysts who foresee economic conditions to deteriorate over the next six months decreases by 2.6 percentage points, the group of optimists shrinks by the same amount. Close to two thirds (63.0 per cent) of analysts expect stable economic conditions.

The assessment of the current economic situation in Switzerland improves by 1.7 points. Thereby, the respective indicator reaches a level of 21.7 points in June. This is the highest reading since August 2011. As before none of the participants regards the economic environment to be "bad". The assessment of Switzerland’s current economic situation is still much more positive compared to the Eurozone. For this region the survey paints the opposite picture: None of the analysts regards the economic situation of the Eurozone to be "good". Three in four participants assess the Eurozone’s current economic environment to be "bad".

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