Economic Outlook Almost Unchanged

ZEW-CS Financial Market Test Switzerland

(lifePR) ( Mannheim, )
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).

The assessment of the current economic situation in Switzerland brightens up distinctly. The corresponding balance improved by 15.9 points and reached the 13.3 threshold - climbing back into positive territory for the first time in 18 months.

Although the share of analysts expecting a rise in inflation increases by 20.5 percentage points, the overriding majority of 62.3 percent of analysts anticipates an unchanged inflation rate in the coming six months.

Regarding the short-term interest rate environment, the lion's share (68.9 percent) of financial market experts still predicts that rates will hold steady at low levels in the next half-year.

Nevertheless, the share of analysts expecting rising interest rates augments by 10.6 percentage points. Thus, the balance for shortterm interest rate expectations climbed by 15.7 points to the 31.1 mark.

Sentiment among the financial market analysts toward the Swiss stock market has brightened noticeable. Two thirds of the financial market experts (65 percent) expect the Swiss Market Index (SMI) to gain terrain in a six-month timeframe. On the other hand, one out of five participants sees the SMI stabilising at the present index levels.

Detailed results

More detailed results - including survey participants' assessment of developments in other countries - can be found in this month's edition of the "Switzerland Financial market report" (please note that the URL is case sensitive):

https://marketdataresearch.creditsuisse.com/cs/mdr/p/d/qrr/oneCMScontent/doc/pdf/zew_en_201004.pdf
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