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Gunter Grittmann
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E-mail: grittmann@zew.de
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Kathrin Böhmer
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Phone: +49 (0)621-1235-103
Fax: +49 (0)621-1235-255
In May 2013 the ZEW-CS Indicator of economic expectations for Switzerland falls by 17.8 points to a level of 2.2 points. Thereby, last month’s significant gains are lost and the indicator falls back to the level of March 2013. 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. read more
Economic expectations for Switzerland have climbed from their January reading of minus 6.9 points to a level of 10.0 points in February 2013. The ZEW-CS Indicator reaches its highest value since June 2010 due to this upward movement. 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. read more
Economic expectations for Switzerland have improved by 12.4 points in December 2012, raising the ZEW-CS Indicator to minus 15.5 points. 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. read more
Economic expectations for Switzerland declined slightly by 1.6 points in September 2012. Thus, the ZEW-CS-Indicator of Economic Sentiment has hardly changed and hovers at the minus 34.9 points mark. 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. read more
In August 2012 economic expectations for Switzerland improved by 9.2 points compared to the July reading. The ZEW-CS Indicator thus reaches a level of minus 33.3 points. 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. read more
Economic expectations for Switzerland have improved slightly by 0.9 points in July 2012. The ZEW-CS-Indicator is now standing at minus 42.5 points. The share of analysts expecting the economic development in Switzerland to stay unchanged over the next six months has grown by 5.9 percentage points to 53.7 per cent. After the steep fall in the past month, the economic expectations seem to have stabilized at a low level in July. read more
The ZEW-CS-Indicator dropped by 39.4 points to minus 43.4 points in June 2012. After a surprisingly strong first quarter, the surveyed financial market experts expect that economic growth in Switzerland will slow down considerably in the second half of the year. read more
Economic expectations for Switzerland have dropped by 6.1 points in May 2012. Thus, the ZEW-CS Indicator currently manoeuvres at the minus 4.0 points-mark. 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. read more
Reaching the 2.1 points-mark in April 2012, economic sentiment for Switzerland manoeuvres at a slightly higher level compared to the March reading. Due to this month’s improvement by 2.1 points the ZEW-CS Indicator stabilises at positive territory. 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. read more
In March 2012 economic sentiment for Switzerland has improved markedly by 21.2 points and is now balanced at the 0.0 level. This is the third consecutive increase of the ZEW-CS Indicator. 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. read more
Economic expectations for Switzerland have increased markedly for the second consecutive month. The ZEW-CS Indicator has gained 28.9 points and reached the minus 21.2 mark in February 2012. 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. read more
The ZEW-CS Indicator rebounded in January 2012, increasing by 21.9 points to minus 50.1 points. This is the strongest increase since April 2011 and the highest level of the indicator since June 2011. read more
The ZEW-CS Indicator dropped by 7.7 points to minus 72.0 points in December 2011. 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. read more
Economic expectations for Switzerland decreased in November 2011. The relevant ZEW-CS-Indicator dropped by 9.9 points to the minus 64.3 threshold. 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. read more
After the ZEW-CS Indicator declined for five consecutive months economic expectations for Switzerland have currently retreated from the decreases. In October 2011, the ZEW-CS Indicator improved by 21.3 points to the minus 54.4-point mark. 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. read more
Economic expectations for Switzerland decreased in September 2011. The relevant ZEW-CS Indicator dropped by 4.3 points to the minus 75.7 threshold. 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. read more
According to the latest ZEW-CS Indicator, economic expectations for Switzerland have diminished for the fourth month in a row. In August, the indicator plunged by 12.5 points to the minus 71.4-point mark, thus reaching an extraordinarily low level. 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. read more
Economic expectations for Switzerland dropped by 34.6 points to the minus 58.9-point mark in July 2011. This is the lowest level since the beginning of 2009. 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. read more
Economic expectations for Switzerland have diminished for the second month in a row. The ZEW-CS Indicator has dropped by 12.8 points to the minus 24.3 mark in June. 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. read more
Economic expectations for Switzerland deteriorated in May 2011. The relevant ZEW-CS-Indicator dropped by 20.3 points to the minus 11.5 threshold. 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. read more
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. read more
Economic expectations for Switzerland brightened up again in March, with the relevant ZEW-CS Indicator edging up 3.7 points to the minus 13.5 mark. 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. read more
Economic expectations for Switzerland brightened up just marginally in February, with the relevant ZEW-CS-Indicator edging up by only 1.2 points to the minus 17.2 mark. 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. read more
Economic expectations for Switzerland turned out to be somewhat more moderate in January 2011, with the relevant ZEW-CS-Indicator edging down by 5.9 points to the minus 18.4 mark. 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. read more
Economic expectations for Switzerland brighten up in December. In the wake of some weak previous months, the relevant indicator edged up by 18.4 points, reaching the minus 12.5 mark. 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. read more
Economic expectations for Switzerland continued to deteriorate slightly in November. In the wake of the much more significant decline in the previous month, the relevant indicator edged down by 3.4 points, reaching the minus 30.9 mark. 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. read more
Economic expectations for Switzerland continued to diminish significantly in October. The ZEW-CS Indicator dropped by 22.4 points, dipping into very negative territory at minus 27.5 points. 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. read more
The ZEW-CS-Indicator of Economic Sentiment for Switzerland has declined by 14.2 points, retreating to the minus 5.1 mark in September. In the wake of a short-lived improvement in August, the Indicator has diminished considerably in September, dropping to the lowest level since April 2009. 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). read more
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). read more
The ZEW-CS-Indicator of Economic Sentiment for Switzerland declines by 15.3 points in July and is now hovering just slightly in positive territory at the 2.2 mark. After a stable phase since September 2009, the Indicator has now deteriorated considerably for the third consecutive month. 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). read more
Once again the ZEW-CS-Indicator of Economic Sentiment for Switzerland diminishes considerably in June. The relevant ZEW-CS-Indicator lost ground by 23.0 points and is now hovering at the 17.5 mark. After a stable phase since September 2009, the Indicator has now deteriorated considerably for the second consecutive month. 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). read more
The ZEW-CS-Indicator of Economic Sentiment for Switzerland declines by 12.9 points, reaching the 40.5 mark in May 2010. 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). read more
In April the ZEW-CS-Indicator of Economic Sentiment for Switzerland paints a nearly unchanged picture of the prospects for the Swiss economy on a six month time frame. Economic expectations edged down marginally by 0.4 points to the 53.4 mark. Thus, the ongoing sideways trend hovering at a relatively high level the last few months continues to prevail. 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). read more
The ZEW-CS-Indicator of Economic Sentiment for Switzerland brightens up by 1.3 points to the 53.8 mark in March. This reveals the current Financial Market Test Switzerland, carried out monthly by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS). read more
The ZEW-CS-Indicator of Economic Sentiment for Switzerland declines by 3.7 points, reaching the 52.5 mark in February. However, the indicator still continues to hover at a relatively high level. 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). read more
The ZEW-CS-Indicator of Economic Sentiment for Switzerland edged up in January 2010 by 2.2 points, reaching the 56.2 mark. The current rise outweighs the indicator’s slight decline noted in December 2009. This reveals the current Financial Market Test Switzerland, carried out monthly by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS). read more
Economic expectations for the next six months for Switzerland edged down slightly again in December. The ZEW-CS- Indicator dipped by 2.4 points to the 54.0 mark. This reveals the current Financial Market Test Switzerland, carried out monthly by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS). At the same time, the assessment of the prevailing economic picture brightened up a little, with the corresponding indicator climbing by 3.3 points to the minus 42.9 level. read more
Economic expectations for Switzerland diminished somewhat in November. In the wake of the strong surge recorded in previous months, the relevant ZEW-CS-Indicator lost ground by 8.6 points, but continued to hover at a high level of 56.4 points. This reveals the current Financial Market Test Switzerland, carried out monthly by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS). read more
Economic expectations for Switzerland continued to improve in October 2009. The relevant ZEW-CS Indicator of Economic Sentiment increased by 7.0 points month-on-month, reaching the 65.0 mark. Accordingly, a majority of 67.5 percent of the financial market experts surveyed predict that the economic momentum will improve over the next six months. Only 2.5 percent expect the economy to deteriorate. This is the result of the current Financial Market Test Switzerland, carried out monthly by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS). read more
According to the Financial Market Test Switzerland, carried out by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS), economic expectations continued to brighten up noticeably in September 2009. The ZEW-CS Indicator of Economic Sentiment surged by 39.4 points, reaching the 58.0 threshold. The indicator for the assessment of the current economic situation also markedly surpassed the previous month’s level, climbing by 17.1 points to reach minus 62.0 points. read more
The economic expectations for Switzerland have improved again in August. This reveals the current Financial Market Test for Switzerland which is carried out by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS). After its decline in the previous month, the ZEW–CS indicator of economic expectations has continued to follow its uptrend which started at the beginning of 2009, climbing in August from the neutral level of 0.0 to the 18.6 mark. read more
According to the Financial Market Survey Switzerland, economic expectations diminished somewhat in July. In the wake of continuously climbing in the first half of 2009, the relevant ZEW/ Credit Suisse indicator edged down by 9.7 points, reaching the neutral threshold of zero. The indicator for the assessment of the current economic situation dipped slightly below the previous month's mark in July, down 2.5 points to the minus 70.2 level. The Financial Market Test Switzerland is carried out monthly by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse. read more
According to the Financial Market Survey Switzerland, carried out by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS), economic expectations continued to brighten up further in June. The ZEW-CS-Indicator climbed back into positive territory for the first time since September 2006, reaching the 9.7 mark (up 13.6 points). read more
The economic expectations for Switzerland on a six-month horizon have brightened up once again in May. This reveals the Financial Market Test Switzerland, carried out by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse. The ZEW-CS indicator increased in May by 23.8 points to the minus 3.9 threshold, but is still hovering just barely in negative territory. read more
The Financial Market Test Switzerland, carried out by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse, reflects in April a less pessimistic assessment of the economic outlook for Switzerland on a six-month horizon. The ZEW-CS indicator of economic expectations increased by 29.4 points to the minus 27.7 mark. At the same time, however, the indicator for the assessment of the current economic situation declined by 8.9 points to the minus 66.0 level. read more
The Financial Market Test Switzerland, carried out by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse, paints a nearly unchanged picture of the prospects for the Swiss economy on a six month time frame. In fact, the ZEW-CS-Indicator of economic expectations edged up marginally by just 0.6 points to the minus 57.1 mark. The indicator for the assessment of the current economic situation in Switzerland continued to worsen in March. The respective indicator drops 11.8 points and also reaches the minus 57.1 mark. read more
The February Financial Market Test Switzerland, carried out by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse, reveals once again that the prospects for the Swiss economy have brightened up just slightly on a six-month horizon. Accordingly, the ZEW-CS-Indicator of economic expectations edges up by 9.0 points to the minus 57.7 mark in February. At the same time, however, the indicator for the assessment of the current economic situation dips by 4.6 points to the minus 45.3 level. read more
The Financial Market Test Switzerland, carried out by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse, revealed in January that the economic outlook improved somewhat on a six-month horizon. Consequently, the ZEW-CS indicator of economic expectations edged up by 9.5 points to the -66.7 mark in January. read more
The Financial Market Test Switzerland, carried out by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse, revealed in December that economic prospects brightened up just a little at a very low level. The ZEW-CS indicator of economic expectations edged up by 12.3 points compared with the previous month’s and is now hovering at the -76.2 mark. Although respondents view the current economic situation in a slightly more optimistic light compared to last month’s results, the corresponding balance improved by merely 6.2 points and remains in negative territory at the -7.2 threshold. read more
The November Financial Market Test Switzerland, carried out by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse, reveals that economic prospects have improved slightly in November, but continue to hover at a very low level. The ZEW-CS indicator of economic expectations edged up by 2.6 points to the minus 88.5 mark. read more
The October Financial Market Test Switzerland, carried out by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse, reveals that the economic outlook for Switzerland has deteriorated considerably. The ZEW-CS-indicator of economic expectations fell by 46.7 points to -91.1 points. Only 2.2 percent of the respondents expect the economic environment to improve over a six-month horizon. read more
Economic prospects for Switzerland have brightened up slightly in September. This is one result of the latest Financial Market Test Switzerland, carried out by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse. Consequently, the ZEW-CS-indicator of economic expectations increased by 35.2 points to the -44.4 mark. Although roughly 11 percent of the respondents expect the picture to improve on a six-month horizon, more than 50 percent of the financial market experts still forecast that the economic environment will continue to be dampened. The analysts convey a somewhat more pessimistic assessment of the current economic situation compared with the previous month’s view. The corresponding balance declines in September by 8.7 points to the 17.8 level. Inflation as well as interest rate expectations diminished once again in the September survey, with the relevant balances dropping by 18.1 points to the -46.7 mark and by 4.8 points to the -6.8 level, respectively. In the interim, more than 20 percent of survey participants believe that short-term interest rates will decline in the coming six months. This month’s "special question" shows that the majority of respondents regard current valuation levels on the Swiss real estate market as appropriate. read more
The latest Financial Market Survey Switzerland, carried out by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse, reveals that expectations regarding the Swiss economy diminished again in August. The ZEW-CS indicator of economic expectations edged down by 2.7 points to the -79.6 mark. The financial experts also viewed the current economic environment in a worse light in this month’s survey, with the relevant balance of indicators declining to the 26.5 level (down 14.5 points). Inflation expectations as well as expectations for short-term interest rates were noticeably dampened. Roughly 45.0 percent of survey participants anticipate that inflation rates will retreat on a six-month horizon. The share of financial market specialists who predict that short-term interest rates will increase also shrank considerably in August. Instead, the overriding majority of analysts believe that rates will hold steady. This month’s “special question” revealed that most respondents do not expect the forthcoming round of wage negotiations in Switzerland to pose any danger for price stability. read more
The Financial Market Test Switzerland, carried out by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse, continues to deteriorate noticeably in July. The balance of the ZEW-CS indicator of economic expectations for Switzerland declines from -63.8 to the -76.9 points. The analysts also expressed a less positive view of the current economic situation, so the balance of indicators recedes from 53.2 to the 41.0 mark. On the other hand, inflation expectations have diminished somewhat: only a minority of respondents (35.9 percent) expects inflation rates to climb on a six-month horizon. The balance for short-term interest rate expectations remains in positive territory, although the majority of survey participants now anticipates that rates will remain unchanged. Within the scope of this month’s "special question," the financial experts were asked to convey their assessment regarding the effects of high inflation rates on the Swiss stock market. The analysts predict that the Swiss Market Index (SMI) will outperform the MSCI World Index amid times of high inflation and recommend investing in companies in the pharmaceuticals and food sectors. read more
The latest Financial Market Test Switzerland, carried out by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse, continues to signal a weakening of the economic momentum on a six-month horizon. Accordingly, the ZEW-CS indicator of economic expectations for Switzerland dipped slightly in June by 3.4 points to the -63.8 mark. Assessments of the current economic picture proved to be somewhat less optimistic, with the balance of the respective indicator falling by 11.4 points to the 53.2 level. The largest proportion of survey participants (42.6 percent) still expects inflation rates to continue to climb further from their already high threshold. Overall, however, inflation expectations decreased versus the previous month, and the relevant indicator dropped by 20.5 points to reach 17,0 points. On the other hand, the share of financial market experts who anticipate an increase in short-term interest rates grew to 55.3 percent in June. The corresponding balance of interest rate expectations surged by 40.6 points to the 48.9 mark in this month’s survey. The responses to the June "special question" revealed that 34 percent of the analysts forecast an increase in the three-month LIBOR target rate to 3.0 percent, while another 25 percent of respondents predict that the rate will hold steady at 2.75 percent. read more
According to the survey results of the Financial Market Test Switzerland, carried out by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse, economic prospects have brightened up slightly again in May. The relevant ZEW-CS-indicator for economic expectations increased by a noticeable 11 points, reaching the -60.4 mark. On the other hand, the experts’ assessment of the current economic picture remained nearly unchanged at the 64.6 level (down 0.7 points). Interest rate expectations rose considerably versus the previous month’s survey, although the clear majority of respondents continue to expect rates to hold steady in the coming six months. The corresponding balance of indicators jumped by 14.4 points to the 5.3 threshold. At the same time, inflation expectations increased in May too, with 54.2 percent of survey participants predicting that prices will continue to rise. This month’s "special question" addressed the prevailing issue of the trend in food prices, revealing that a slight majority of respondents expect prices to climb further in the medium term. read more
The Financial Market Test Switzerland, carried out by the Centre for European Economic Research (ZEW) in cooperation with the Credit Suisse, revealed in April a nearly unchanged picture regarding the prospects for the Swiss economy compared to the previous month's survey. The relevant ZEW-CS-Indicator for economic expectations improved just slightly by 0.3 points to the -71.4 mark. Accordingly, the majority of respondents still anticipate that economic momentum will lose steam in the coming six months. On the other hand, the assessment of the current economic situation remains mostly upbeat (with the corresponding balance at 65.3 points). Precisely 38.8 percent of the survey participants expect no change in the inflation environment on a six-month horizon, while 24.5 percent (up 9.3 percent) expect a more moderate inflation rate in the future. Interest rate expectations remained unchanged for the most part in the April survey, with the lion’s share of respondents (73.5 percent) anticipating no change in short-term interest rates. The results of this month’s "special question" reveal that most of the financial experts forecast a lower current-account balance for 2008 in the wake of the record surplus registered last year. read more
The Financial Market Test Switzerland, carried out by the Centre for European Economic Research (ZEW) in co-operation with Credit Suisse, revealed in March that economic prospects continue to deteriorate. The relevant ZEW-CS-indicator for economic expectations declined by 16.2 points to the -71.7 mark. The assessment of the current economic situation edged down by 2.7 points to the 69.6 level in March. At the same time, inflation expectations diminished again, with only around 30 percent (down 9 percentage points versus the previous month) of survey participants still anticipating that inflation rates will continue to climb. Interest rate expectations have also decreased somewhat compared to the February survey results. The lion’s share of the respondents (78.3 percent) expects no change in short-term interest rates on a six-month horizon. Responses to this month’s "special question", however, showed that nearly half of the experts regard an interest rate level of less than 2.75 percent by year-end as a likely scenario. read more
The Financial Market Test Switzerland, carried out by the Centre for European Economic Research (ZEW) in cooperation with the Credit Suisse, revealed that economic expectations diminished considerably in February. Hence, the relevant ZEW CS indicator declined by 22.8 points to the -55.6 mark. The assessment of the current economic situation deteriorated as well in February, although it still stands at a high level of 72.2 (down 13.3 points compared with the previous month). read more
The Financial Market Test Switzerland, carried out by the Centre for European Economic Research (ZEW) in cooperation with the Credit Suisse, revealed somewhat diminishing economic expectations in Switzerland again in January. The corresponding ZEW CS indicator dropped 3 points to the -32.7 mark. Although the assessment of the current economic situation still remains at a high threshold, the relevant balance dipped by 1.7 points to the 85.5 level. read more
The Financial Market Test Switzerland, carried out by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse, reveals a slight dampening of economic expectations in Switzerland. The relevant ZEW CS-indicator edges down slightly in December by 0.8 points to the -29.7 mark. At the same time, the assessment of the current economic situation improves by 4.5 points, reaching a threshold of 87.2. read more
The Financial Market Test Switzerland, carried out by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse, reveals in November that the assessments of the current economic picture as well as economic expectations have diminished. Although analysts' evaluation of the current situation still stands at a high level of 82.7 points, the reading lags behind the previous month's mark by 11.3 points. The ZEW CS-indicator for economic expectations decreases in November by 12.9 points to the -28.9 threshold. read more
The latest survey carried out by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse reveals that the assessment of the current economic situation in Switzerland has brightened up. The majority of 94 percent (up 11.6 percentage points) of the financial market experts believe that the Swiss economy is in good shape at present. At the same time, the ZEW CS-Indicator for economic expectations improves as well, rising by 10.7 points to the -16 mark. Hence, survey participants continue to expect economic momentum to diminish, albeit to a much less pronounced extent than in September. read more
According to the latest survey carried out by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse, the assessment of the current economic situation in Switzerland remains at a high level, although the balance of the relevant indicator edged down by 4.1 points to the 80.6 mark. Economic expectations decreased much more noticeably, dropping by 21.6 points to the -26.7 level. The assessment of the outlook for the Swiss stock market diminished drastically as well, with the balance of the corresponding indicator plunging by 29.1 points below the previous month’s reading to hit 35.8. read more
According to the latest survey carried out by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse, respondents' assessment of the economic situation continues to stand at a high level, although the perceptions diminished somewhat versus the previous month. The corresponding indicator declined in August from 93.6 to 84.7 points. The ZEW Credit Suisse indicator for expectations regarding the future economic outlook also dropped, edging down by 3 points to the -5.1 mark. read more
The survey of financial market experts, carried out by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse, reveals that the participants continue to assess the current economic situation as very favourable. At 93.6 points, the corresponding indicator edged down just slightly below the previous month's level. read more
In the survey carried out by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse, the financial market experts surveyed the current situation of the Swiss economy as even more favourable than in the previous month. Regarding the economic outlook, the survey participants' view remained almost unchanged. The ZEW Credit Suisse indicator fell from a neutral level to -0.1 points. read more
The results of the latest ZEW Credit Suisse survey reveal a still very positive assessment of the economic situation in Switzerland. Although the corresponding indicator decreased by 3.9 points, the level of 89.3 points remains high. Regarding the economic outlook the survey participants are again more optimistic than in the previous month and the ZEW Credit Suisse indicator is up 35 points, thus leaving the reading at 0.0 points. Interest rate expectations remained unchanged compared to the April reading, and almost 90 percent of the participants anticipate a rise of short-term interest rates. In the latest survey, more experts anticipate the Swiss franc to strengthen versus the Euro. In terms of inflation expectations, the share of participants that expect an unchanged inflation rate increased above the 50 percent mark in May. read more
The results of the latest monthly ZEW Credit Suisse survey reveal a slight increase of the very positive assessment of the economic situation in Switzerland. Regarding the economic outlook the survey participants tend to paint a more optimistic picture. read more
The results of the latest ZEW Credit Suisse survey reveal a very positive assessment of the economic situation in Switzerland from the previous month. However, regarding the economic outlook the survey participants tend to paint a somewhat more pessimistic picture. The ZEW Credit Suisse indicator falls to -28 points after it attained -17.3 points in February. read more
In the survey carried out by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse, the surveyed financial market experts continue to regard the current situation of the Swiss economy as very favourable and the corresponding indicator stays at an almost unchanged level of 90.4 points. read more
In the survey carried out by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse, the surveyed financial market experts continued to paint a very positive picture regarding the current situation of the Swiss economy. The ZEW Credit Suisse indicator for expectations regarding the economic outlook rose to -10.8 points. 12.3 percent of the survey participants expect further improvement of economic dynamics, while 23.1 percent expect the pace of growth to decrease. 47.7 percent of the survey participants - again less than in the previous month - expect the Swiss Franc to gain strength versus the Euro, while 10.8 percent expect further weakness in this regard. Following the renewed tightening of monetary policy by the SNB in December, 86.2 percent of the survey participants expect further tightening to come. Inflation expectations barely changed, the according indicator stands at 18.6 points. read more
In the survey carried out by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS) in December, the assessment of the financial market experts regarding the current situation of the Swiss economy was slightly less favorable. The ZEW Credit Suisse indicator for expectations regarding the economic outlook fell to -23.7 points. 10.2 percent of the survey participants expect further improvement of economic dynamics, while 33.9 percent expect the pace of growth to decrease. A majority of survey participants expects the Swiss Franc to gain strength versus the Euro (52.5 percent), only 1.7 percent expect it to weaken further. Ahead of tomorrow's rate decision more than 86.4 percent of the survey participants expect higher short-term interest rates. Inflation expectations barely changed, the according indicator stands at 18.6 points. read more
In the survey carried out by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS) in November, the assessment of the financial market experts regarding the current situation of the Swiss economy was slightly less favorable after the indicator had reached the highest level since the survey was launched. The Credit Suisse ZEW indicator for expectations regarding the economic outlook fell again, to now -21.3 points. Still 11.5 percent of the survey participants expect further improvement of economic dynamics, while 32.8 percent expect the pace of growth to decrease. read more
In the survey carried out by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse in October 2006, the assessment of the financial market experts regarding the current situation of the Swiss economy improved and even reached the highest level since the survey was launched. Contrary to this the indicator for expectations regarding the economic outlook fell to -14.1 points. A deterioration of economic momentum is expected by 24.6 percent (+7.4 percent) of survey participants, while only 10.5 percent (-8.5 percent) expect an improvement. Fewer survey participants expect inflationary pressure to rise, a majority expects further tightening by the Swiss National Bank. Only 7 percent expect a further depreciation of the Swiss Franc vs. the Euro. read more
The Financial Market Test Switzerland carried out by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS) in September confirms the overall positive sentiment that has prevailed since the launch of the survey. The current situation is judged to be good by 86.2 percent - only slightly less than in the previous month (90.2 percent). The indicator regarding expectations for economic development falls to 1.8 points in the September survey (in August 16.3 points). Fewer participants than in the previous month expect short term and long term interest rates to rise. Respondents on average expect oil prices to decline further. Accordingly inflation expectations have declined significantly with now 41.4 percent anticipating inflation to rise further in Switzerland (down from 59.0 percent in the previous month). read more
The Financial Market Test Switzerland carried out by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS) in August confirms the overall positive sentiment that has prevailed since the survey was launched in June of this year. The financial market experts give an even more favourable assessment of the current economic situation in Switzerland than they did in July. The corresponding indicator now stands at 90.2 points. read more
The Centre for European Economic Research (ZEW), in cooperation with Credit Suisse (CS), has for the second time carried out the Financial Market Test Switzerland. The results continue to show the optimistic view of the survey participants regarding the economic prospects in Switzerland for the second half of 2006. read more
The Centre for European Economic Research (ZEW) in Mannheim, in cooperation with Credit Suisse (CS), has for the first time carried out a financial market test, a survey among financial market experts, for Switzerland. The analysis shows that the economic forecasts of the participants appear very positive. The current economic situation is for the most part also considered good. The respondents expect an increase in the inflation rate as well as in short- and longer-term interest rates. The detailed results can be obtained from the "Switzerland Financial Market Report", which will be published on a monthly basis. read more