ZEW-CS Financial Market Test Switzerland - Switzerland’s Economic Outlook Remains Stable

Gaining a modest increase of 0.4 points, economic expectations for Switzerland stay almost unchanged in May 2014. The ZEW-CS Indicator’s reading of 7.4 points suggests a stable economic development in Switzerland in the next six months.

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).

However, the current economic situation in Switzerland is evaluated more pessimistically compared to the previous survey. The respective indicator has dropped by 10.3 points to 48.8 points in May. The economic situation is gauged to be "normal" or "good" by about half of respondents respectively.

Analysts’ evaluation of the Eurozone deteriorated in May. The assessment of the current economic situation in the Eurozone has worsened by 8.8 points to a level of minus 30.8 points. Economic expectations for the Eurozone have decreased slightly by 3.3 points reaching a still considerable reading of 52.5 points indicating that the financial analysts still expect a recovery in the Eurozone within the next six months.

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