ZEW-CS Financial Market Test Switzerland - Optimism Continues Among Swiss Financial Experts

In November 2013 economic expectations for Switzerland have increased by 6.7 points. Accordingly, the ZEW-CS-Indicator of economic expectations has reached the 31.6-points mark, continuing its upward trend observable in the past half year. 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. It is calculated monthly by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS).

In November, 41.4 per cent of surveyed analysts – an increase of 10.2 percentage points – expect an improvement of Switzerland’s economic development over a six-month time horizon. The positive expectations seem to be supported by expert’s optimism about the economic development in the Eurozone. 65.0 per cent of respondents foresee an improvement of the economic activity in the Eurozone.

The share of analysts assessing the current economic situation in Switzerland to be "good" declines in the current survey by 12.0 percentage points. Thus, the respective indicator drops to the 37.7 points-mark. The experts seem to believe that the improved economic situation in the country has stabilised. This assessment is supported by the growing share of analysts who had evaluated the economic situation in the previous survey as "good" but have changed their estimation to "normal" in November. About two thirds of the participants share this view.

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