ZEW-CS Financial Market Test Switzerland - Economic Expectations Diminish Slightly

Economic expectations for Switzerland continued to deteriorate slightly in November. In the wake of the much more significant decline in the previous month, the relevant indicator edged down by 3.4 points, reaching the minus 30.9 mark. 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 November the indicator for the assessment of the current economic situation edged up by another 5.0 points to the 50.0-point threshold, continuing to follow a more optimistic trend. Expectations regarding the short-term interest rate environment hardly changed versus the October reading, with the relevant indicator climbing by 1.2 points to the 26.2 level.

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".

For further information please contact

Dr. Gunnar Lang (ZEW), Phone: +49 (0)621/1235-372, E-mail: lang@zew.de

Fabian Heller (Credit Suisse), Phone: +41/44/332-9061, E-mail: fabian.heller@credit-suisse.com