ZEW-CS Financial Market Test Switzerland - Economic Outlook Unchanged

Economic expectations for Switzerland remain nearly unchanged in November 2012, hovering at minus 27.9 points. 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.

A majority of experts (58.1 per cent) expect the economic development in Switzerland to remain stable on a six-month time frame. The share of participants anticipating a deterioration of the economic situation within the next six months amounts to 34.9 per cent, similar to the previous month.

Financial analysts' assessments of the current economic environment in Switzerland stabilises at the zero-point mark in November. This means that the share of analysts evaluating the economic situation as "good" is equally large as that of analysts evaluating it as "bad". Both positions are represented by 16.3 per cent of experts. Around two thirds of experts (67.4 per cent) evaluate the current economic situation as “normal”. In comparison to October, the disagreement between the experts on how to assess the current situation has grown.

For further information please contact

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

Maxime Botteron (CS), Phone +41 443329061, E-mail maxime.botteron@credit-suisse.com