ZEW-CS Financial Market Test Switzerland - Economic Outlook Decreases

In July 2015 the ZEW-CS Indicator for Switzerland decreases. The indicator declines by 5.5 points and now stands at a value of minus 5.4 points. This reading indicates that a slightly larger fraction of financial experts expects the Swiss economy to deteriorate in comparison to the current situation. 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 Centre for European Economic Research (ZEW), Mannheim, in cooperation with Credit Suisse (CS), Zurich.

Concerning the current economic situation in Switzerland, assessments are slightly more positive in July compared to theprevious month. The respective indicator increases by 1.4 points. Still the indicators' net assessment balance is clearly in the negative domain with a reading of minus 21.6 points.

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

Markus Teske (ZEW), Telefon +49 (0)621 1235-372, E-mail teske@zew.de

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