ZEW-CS Financial Market Test Switzerland - Expectations Deteriorate

The ZEW-CS-Indicator dropped by 39.4 points to minus 43.4 points in June 2012. After a surprisingly strong first quarter, the surveyed financial market experts expect that economic growth in Switzerland will slow down considerably in the second half of the year.

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 9.7 points to 19.7 points, reaching the highest level since August 2011.

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