Swiss financial market experts’ economic expectations for the next six months improved in August, a survey by the Mannheim-based Centre for European Economic Research (ZEW) and Credit Suisse showed Wednesday.
The ZEW-CS Indicator climbed by 2.4 points to reach a score of 2.5 in August.
A clear majority of 72.5 percent of the financial analysts expects no change of the prevailing good economic environment in Switzerland over the next six months, the survey found. The outcome is largely unchanged from the previous surveys.
The current conditions index of the survey fell to 45 in August from 57.1 points in June. This was due to some analysts who changed their assessment of the economic situation from “good” to “normal”.
“Overall, the share of analysts, who judge the economic environment to be “good”, amounts to 47.5 percent and is therefore above its long-term average of 40 percent,” ZEW said.
The material has been provided by InstaForex Company – www.instaforex.com