ZEW-CS Financial Market Test Switzerland - Economic Outlook Nearly Unchanged

The ZEW-CS Indicator leaves the red to just break even in June 2015. It slightly increases by 0.2 points to a reading of now 0.1 points. As in the previous month, the indicator's level of close to zero neither points towards deterioration nor towards improvement of economic activity in Switzerland. 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), Mannheim, in cooperation with Credit Suisse (CS), Zurich.

In contrast to economic expectations the assessment of the current state of Switzerland’s economy deteriorates sharply in June. The corresponding indicator plummets to a level of minus 23.0 points from a reading of zero points in May. That plunge may be related to a weaker Swiss gross domestic product (GDP) estimate for Q1 2015 released by the State Secretariat for Economic Affairs (SECO). According to the statistic Switzerland's real GDP fell by 0.2 per cent. Still, 71,8 per cent of the financial analysts surveyed rate the present state of Switzerland’s economy as "normal".

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