ZEW-CS Financial Market Test Switzerland: Economic Expectations Decline - Assessment of the Current Economic Situation Improves

In April 2014 economic expectations for Switzerland have decreased by 12.0 points. The ZEW-CS Indicator now stands at a level of 7.0 points, which is still signalling stable economic expectations. The ZEW-CS Indicator reflects the expectations of the surveyed financial market experts regarding the economic development in Switzerland on a six-month time horizon. It is calculated monthly by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS).

In April, the assessment of the current economic situation in Switzerland improves by 16.2 points to a considerable level of 59.1 points. Thus, the surveyed analysts clearly assess the current economic situation to be "good". This positive evaluation of the economic situation may also explain this month’s decline of economic expectations. The surveyed experts seem to be convinced that the Swiss economy has already picked up speed.

Looking at the Eurozone, the experts forecast a progressing recovery. Their assessment of the current economic situation improves by 11.3 points to the minus 22.0 points-mark. Likewise, economic expectations for the Eurozone increase by 8.1 points to a level of 55.8 points.

For further information please contact

Lena Jaroszek (ZEW), Telefon +49 (0) 621/1235-380, E-Mail jaroszek@zew.de

Lukas Gehrig (Credit Suisse), Telefon +41 44 333 52 07, E-Mail lukas.gehrig@credit-suisse.com