ZEW: Swiss economic outlook improves
The ZEW-CS-Indicator for the economic sentiment in Switzerland has increased slightly. With an improvement by 1.9 points, the indicator reaches a reading of 19.4 points in June 2016. Economic expectations thereby continue the upward trend already witnessed in Q2 2016. In June, Swiss economic expectations reached their highest assessment balance since February 2014. 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.
Despite the moderate optimistic sentiment regarding Swiss economic expectations, a majority of 54.8 per cent of analysts currently expects a constant economic environment over a six-month horizon. Furthermore, survey participants show a strong agreement regarding the assessment of Switzerland's current economic situation: 93.8 per cent of analysts evaluate the situation as "normal". None of the surveyed experts considers the current economic conditions to be "bad". Consequently, the indicator which reflects Switzerland's current economic environment increased to 6.2 points in June 2016.