ZEW-CS Financial Market Test Switzerland - Expectations Deteriorate Further

The ZEW-CS Indicator dropped by 7.7 points to minus 72.0 points in December 2011. 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 indicator for the assessment of the current economic situation also continued to follow its downward trend. The balance for the assessmentrecorded deterioration by 15.2 points to the minus 20.0 threshold. The indicator for inflation expectations increased. It now stands at the minus 6.0 point level. 70 per cent of the surveyed experts expect a steady level of inflation.

For further information please contact

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

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