ZEW-CS Financial Market Test Switzerland - Expectations somewhat more upbeat

Economic Expectations for Switzerland brighten up again somewhat in August. The relevant ZEW-CS-Indicator recorded a gain of 6.9 points, reaching the 9.1 mark. This is revealed by the current Financial Market Test Switzerland, carried out monthly by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS).

The indicator for the assessment of the current economic situation in Switzerland continued to follow its upward trend this month as well, surpassing the previous month’s level by 5.1 points with a reading of 27.3. Expectations regarding the interest rate environment also rose further in August, and meanwhile 39.5 percent of the survey participants (+15.1 percentage points) anticipate an increase in short-term rates on a six-month horizon.

For further information please contact

Dr. Gunnar Lang, Phone: +49 (0)621/1235-372, E-mail: lang@zew.de

Fabian Heller (Credit Suisse), Phone: +41 44 332 90 61, E-mail: fabian.heller@credit-suisse.com