ZEW-CS Financial Market Test Switzerland - Rebound in Economic Sentiment

The November survey shows a strong rebound in analysts' sentiment, with an increase of the ZEW-CS Indicator from minus 30.7 points in October to minus 7.6 points in November 2014.

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 Mannheim Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS), Zurich.

The indicator's rise in November is likely associated to moderately improved economic data from Germany: The increase in the Purchasing Manager Index for Germany mitigates concerns that the Swiss economy might be affected by an economic slowdown in Germany. It is furthermore possible that analysts' sentiment generally improved due to the rebound in global stock prices since mid-October.

The assessment of the current economic situation has moderately deteriorated by 5.1 points. It now stands at a level of 20.5 points in November.

Detailed results

More detailed results – including survey participants' assessment of developments in other countries – can be found in this month's edition of the "Switzerland Financial market report" (please note that the URL is case sensitive)

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