ZEW-CS Financial Market Test Switzerland - Economic Outlook Returns to Positive Territory

The ZEW-CS Indicator for Switzerland has increased by 11.3 points in August 2015, thereby rising from its July value of minus 5.4 points to a current reading of 5.9 points. Following significant deterioration as a result of the Swiss Franc shock at the beginning of the year, the indicator has remained more or less closely around zero points for the last four months. A reading of zero indicates that financial experts expect neither deterioration nor improvement of the Swiss economy. 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. The indicator is calculated on a monthly basis by the Mannheim Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS), Zurich.

Experts' assessments of the current state of Switzerland’s economy have also improved slightly. The respective indicator has risen by 4.0 points and has a current reading of minus 17.6 points. Around 70 per cent of the analysts surveyed assessed the current economic situation in Switzerland as "normal", six per cent considered it "good", and only 24 per cent view it as being in "poor" shape.

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

Markus Teske (ZEW), Telefon +49 (0)621 1235-372, E-mail teske@zew.de

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