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Actual | Forecast | Previous | Revised Form | |
| 52.5 | 56.2 | N/A | |||
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For February
From the Release: "According to the Financial Market Test Switzerland, carried out by Credit Suisse in cooperation with the Centre for European Economic Research (ZEW), economic expectations diminished slightly in February. The relevant Credit Suisse ZEW Indicator edged down by 3.7 points, reaching the 52.5 mark. However, the indicator still continues to hover at a relatively high level. The assessment of the prevailing economic situation trended somewhat on the weaker side again, in the wake of the pick-up in the previous month. Hence, the corresponding indicator dipped from -27.1 points to the -35.7 threshold. The proportion of financial market experts who forecast no change in the interest rate environment in the coming months increased in February by 8.3 percentage points to 83.3%. On the other hand, the balance for inflation expectations declined this month. Although 31% (down 17 percentage points) of the analysts still predict that inflation rates will continue to climb, 69% (up 20 percentage points) foresee an unchanged inflation outlook on a six-month horizon." |
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| 5/20 | 6/17 | 7/16 | 8/20 | 9/16 | 10/15 | 11/12 | 12/17 | 1/21 | 2/18 | ||
| Actual | -3.9 | 9.7 | 0.0 | 18.6 | 58.0 | 65.0 | 56.4 | 54.0 | 56.2 | 52.5 | |
| Forecast | |||||||||||
| Previous | -27.7 | -3.9 | 9.7 | 0.0 | 18.6 | 58.0 | 65.0 | 56.4 | 54.0 | 56.2 | |
| Revised From | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
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Actual | Forecast | Previous | Revised Form | |
| 56.2 | 54.0 | N/A | |||
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For January
From the Release: "According to the Financial Market Test Switzerland, carried out by Credit Suisse in cooperation with the Centre for European Economic Research (ZEW), economic expectations improved just slightly in January. The relevant Credit Suisse ZEW Indicator edged up by 2.2 points, reaching the 56.2 mark. Respondents also continued to convey an upbeat assessment of the current economic situation, with the corresponding indicator climbing by 15.8 points to the -27.1 level. The lion’s share (75.0%) of financial market experts surveyed still sees no change in short-term interest rates in the coming six months. Inflation expectations also increased in January; the relevant balance rose by 14.2 points to the 46.8 threshold. Sentiment among the financial market specialists regarding the Swiss stock market has brightened up further, with 70.8% (up 9.6 percentage points) presuming that the Swiss Market Index (SMI) will gain terrain in the next six months." |
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Actual | Forecast | Previous | Revised Form | |
| 54.0 | 56.4 | N/A | |||
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For December
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Actual | Forecast | Previous | Revised Form | |
| 56.4 | 65.0 | N/A | |||
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For November
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Actual | Forecast | Previous | Revised Form | |
| 65.0 | 58.0 | N/A | |||
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For October
From the Release: "According to the Financial Market Test Switzerland, carried out by Credit Suisse in cooperation with the Centre for European Economic Research (ZEW), economic expectations continued to improve in October. The relevant Credit Suisse ZEW indicator increased by 7 points month-on-month, reaching the 65 mark. The assessment of the current economic situation also improved by 7 points - albeit still hovering at a low level - and the corresponding balance now stands at -55. The overriding majority (87.5%) of survey participants still expect short-term interest rates to hold steady. Inflation expectations edged up just slightly in October, with a 35.9% share of the financial market experts anticipating higher prices on a six-month horizon. At the same time, most (59%) of the respondents forecast no change in terms of inflation for this period." |
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Actual | Forecast | Previous | Revised Form | |
| 58.0 | 18.6 | N/A | |||
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For September
From the Release: "According to the Financial Market Test Switzerland, carried out by Credit Suisse in cooperation with the Centre for European Economic Research (ZEW), economic expectations continued to brighten noticeably in September. The relevant Credit Suisse ZEW indicator rose 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 17.1 points to reach -62.0. Regarding short-term interest rates, the overriding majority (86.0%) of analysts surveyed predict that rates will hold steady in the coming six months. Meanwhile, inflation expectations have increased again versus the August reading, with the corresponding balance rising by 16.9 points to the 26.0 level. Although most (62.5%) of the financial market experts continue to predict that the Swiss Market Index (SMI) will gain ground, the relevant balance lost ground by 10 points month-on-month in September to the 43.7 mark." |
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Actual | Forecast | Previous | Revised Form | |
| 18.6 | 0.0 | N/A | |||
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For August
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Actual | Forecast | Previous | Revised Form | |
| 0.0 | 9.7 | N/A | |||
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For May
From the Release: " According to The Financial Market Test Switzerland, carried out by Credit Suisse in cooperation with the Centre for European Economic Research (ZEW), economic expectations diminished somewhat in the July survey. In the wake of continuously climbing in the first half of 2009, the relevant Credit Suisse ZEW 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 -70.2 level. Regarding short-term interest rates, the overriding majority (89.3%) of analysts forecast rates holding steady on a six-month horizon. On the other hand, inflation expectations declined compared wit the June reading, with the corresponding balance dropping by 20.5 points to the 2.1 level. Although most (55.6%) of the financial market experts continue to predict that the Swiss Market Index (SMI) will gain terrain, the relevant indicator lost ground by 17 points in the July survey and now stands at the 37.8 mark." |
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Actual | Forecast | Previous | Revised Form | |
| 9.7 | -3.9 | N/A | |||
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For April
From the Release: "According to The Financial Market Test Switzerland, carried out by Credit Suisse in cooperation with the Centre for European Economic Research (ZEW), economic expectations continued to brighten up further in June. The relevant Credit Suisse ZEW indicator climbed back into positive territory for the first time since September 2006, reaching the 9.7 mark. The indicator for the assessment of the current economic picture remained practically unchanged in June at the -67.7 level (up 0.9 points). Inflation expectations increased noticeably again this month, with the corresponding indicator rising by 30.5 points to the 22.6 threshold. In this month's "special" question, among other things, the financial market experts were asked to convey their opinions regarding the specific timing of when the central banks would probably commence their interest rate-hiking cycles again. The largest share of respondents (57%) predict that the initial rate hikes will likely kick off already in the first half of 2010, while one-third of the analysts regard the second half of 2010 as the most probable timeframe." |
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Actual | Forecast | Previous | Revised Form | |
| -3.9 | -27.7 | N/A | |||
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For March
From the Release: "The Financial Market Test Switzerland, carried out by Credit Suisse in cooperation with the Centre for European Economic Research (ZEW), reveals that economic expectations have brightened up once again on a six-month horizon. The relevant Credit Suisse ZEW indicator surged strongly in May by 23.8 points to the -3.9 threshold, but is still hovering just barely in negative territory. Although the indicator for the assessment of the current economic situation declined again by 2.6 points to the -66.0 mark, signs of stabilization are increasingly discernable. Inflation expectations recorded a more noticeable increase in May compared with the previous month's survey. The corresponding indicator gained 35.6 points to the -7.9 level. At the same time, expectations regarding short-term interest rates also rose, with 15.7% of the survey participants predicting advancing rates in a six-month timeframe. Still, the overriding majority of respondents (80.4%) continue to expect interest rates to hold steady at current levels." |
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