ZEW-CS Financial Market Test Switzerland - Economic Expectations Drop Back to Zero

In November 2015, the ZEW-CS-Indicator for the economic sentiment in Switzerland declined markedly. The indicator fell by 18.3 points reaching a reading of exactly zero points. This means that the financial analysts surveyed expect to see neither an improvement nor a deterioration in Swiss economic activity over 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 Mannheim Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS), Zurich.

The assessment of the present state of Switzerland’s economy worsened by 6.9 points to a net assessment balance of minus 12.2 points. Regarding Switzerland’s current economic situation, financial experts are close to a consensus: 80 per cent assess the economic situation to be "normal". With respect to the economic outlook beliefs are more dispersed. Close to 60 per cent of analysts expect a stable economic activity for the next six months. However, the remaining opinions are split equally between optimists and pessimists who constitute about 20 per cent of respondents respectively.

Detailed Results

Detailed results are published in this month's edition of the "Financial Market Report Switzerland", which also includes the survey participants' assessment of developments in other countries.

For further information please contact

Lena Jaroszek (ZEW), Phone +49 (0)621 1235-380, E-mail jaroszek@zew.de

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