ZEW-CS Financial Market Test Switzerland - Turbulent Start at the Beginning of 2016 Dims Growth Outlook

The ZEW-CSIndicator for the economic sentiment in Switzerland has declined markedly in January 2016 by 19.6 points to a reading of minus 3.0. The indicator has thus reached its lowest reading since July 2015, when it clocked in at minus 5.4 points. Half of the analysts surveyed expect economic growth in Switzerland to stay unchanged. Meanwhile, among the other respondents, the share of analysts who anticipate deterioration exceeds the share of those expecting to see a pickup in economic activity by only three percentage points. 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 Mannheim Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS), Zurich.

The assessment of the present state of Switzerland’s economy has worsened by 5.8 points to a net assessment balance of minus 8.5 points in January 2016.

Detailed Results

Detailed results are published in this month's edition of the "Financial Market Report Switzerland", which also includes the survey participants' assessment of developments in other countries.

For further information please contact

Zwetelina Iliewa (ZEW), Phone +49 (0)621 1235-346, E-mail iliewa@zew.de

Lukas Gehrig (Credit Suisse), Phone +41 44 333 52 07, E-mail lukas.gehrig@credit-suisse.com