ZEW-CS Financial Market Test Switzerland - Economic Expectations Tarnish

Economic expectations for Switzerland have dropped by 6.1 points in May 2012. Thus, the ZEW-CS-Indicator currently manoeuvres at the minus 4.0 points-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.

The assessment of the current economic situation in Switzerland has improved by 7.8 points in May. The respective indicator now stands at 10.0 points – the highest level since October 2011.

A larger share of the surveyed financial market analysts expects the inflation in Switzerland to rise within the next six months. Accordingly, the share of respondents forecasting the inflation rate to decline has dropped in May. Nevertheless, a majority still expects the inflation rate to remain stable within the next six months. This may be a sign that inflation in Switzerland has bottomed out. 

For further information please contact

Dr. Gunnar Lang, Phone +49 621/1235-372, E-mail lang@zew.de

Maxime Botteron (Credit Suisse), Phone +41 44 3329061, E-mail maxime.botteron@credit-suisse.com