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Gunter Grittmann
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Mr. Wong
Economic expectations for Switzerland brightened up again in April 2011, with the relevant ZEW-CS-Indicator edging up 22.3 points to the 8.8 threshold, moving into positive territory again for the first time since August 2010. 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 in Switzerland diminished somewhat at a high level, dipping to the 61.8 mark (down 5.8 points).
Expectations regarding inflation and interest rates increased anew in April. The indicator for the inflation outlook climbed by 8.7 points, and in the interim 76.5 percent of the financial market experts surveyed forecast an advancing inflation rate on a six-month horizon.
For further information please contact:
Gunnar Lang (ZEW), Phone +49 (0)621/1235-372, E-mail lang@zew.de
Fabian Heller (CS), Phone +41 44 332 90 61, fabian.heller@credit-suisse.com
Financial Market Test Switzerland - April 2011 - detailed results