The ZEW-CS-Indicator for the economic sentiment in Switzerland has increased by 6.0 points to a reading of 17.5 points in May 2016. By this improvement, economic expectations have reached their highest assessment balance since October 2015. The economic situation of Switzerland currently stands at exactly zero 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 on a monthly basis by the Mannheim Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS), Zurich.
The ZEW Indicator of Economic Sentiment for Germany has declined slightly in May 2016. The index has decreased by 4.8 points compared to the previous month, now standing at 6.4 points (long-term average: 24.4 points)."The strong growth of the German economy in the first quarter of 2016 appears to have surprised the financial market experts. However, they seem not to expect the economic situation to improve at the same pace going forward. Uncertainties regarding developments such as a possible Brexit currently inhibit a more optimistic outlook," says Professor Achim Wambach, PhD, President of ZEW.
Despite the challenging, competitive environment, the Mannheim Centre for European Economic Research (ZEW) has again performed well in the business year 2015. This is illustrated by the high proportion of third-party funding in the institute's overall budget (46 per cent), and by the more than 200 scientific projects which have been conducted in the past year of business. It is in particular on an international level, that the research institute has been able to expand its strong position and network. 21 per cent of the third-party funding received, for example, was assigned to ZEW by the European Union. This is a significant achievement, given the fact that ZEW had already performed outstanding work on behalf of the EU in previous years, which is illustrated by the institute’s excellent ranking amongst other economic research institutes in the German Research Foundation’s (DFG) "Förderatlas 2015" (Funding Atlas 2015).
Three megadeals closed in the US within the past year ensured that the global transaction volume for merger and acquisition activities in the oil and gas sector remained high. With a global transaction volume of 151 billion euros, 2014 has been a record-breaking year but with 148 billion euros the year 2015 remains only close behind. With deal volumes of 20, 18 and 16 billion euros respectively, the three megadeals executed in the US made up for more than a third of the total global transaction volume in 2015. Indeed, these transactions were the third, fourth and fifth largest transactions ever recorded in the American market. These are the results of recent studies accomplished by the Centre for European Economic Research (ZEW), based on the Zephyr database of Bureau van Dijk (BvD).
Expectations regarding the development of the Chinese economy have slightly improved in the current survey period (19/04/2016 – 03/05/2016). Rising to a level of 9.4 points, the CEP Indicator, which reflects the expectations of international financial market experts regarding China’s macroeconomic development over the coming twelve months, has exceeded its long-term average of 6.2 points for the first time in many months.