From the release:

Merely 2.1 percent of the respondents expect the Swiss economy to brighten up. The ZEW-CS indicator for the economic expectations therefore declined overall by 3.4 points to the -63.8 mark. The majority of the experts continues to view the current economic situation in Switzerland as "good," although the assessment was worse in this month's survey compared with previous months. Nearly half of the participants (46.8 percent) regard the prevailing economic environment as "normal," while none of the analysts describes the current situation as "bad." The relevant balance of indicators dropped by 11.4 points to the 53.2 level.

For May
Provided by: Credit Suisse
Official Release: Press Release
Financial Market Report: PDF 

The Credit Suisse/Center for European Economic Research (ZEW) Expectations index improved, though it is still negative overall. The number of respondents that believe the economy will deteriorate shrank 10.9% to 65%. Inflation is expected to continue to rise (54% of respondents, up 17.5%). The number of analysts expecting short term interest rates to rise increased 12.7% to 22.9%, though 62.5% see no change.

The Swiss Franc continued its gains on the Yen, Euro and Dollar that started in yesterday's session following higher producer prices data.      

From the Release:

"The results of this month's survey conducted in conjunction with the Financial Market Test Switzerland paint a more positive picture of economic momentum on a six-month horizon, although respondents continue to expect the economy to weaken. Nearly 65% of the participants in the May survey still predict that the economy will deteriorate, but this group shrank by 10.9 percentage points versus the previous month. Almost one-third of the experts now expect to see no change in the economy in the medium term. The corresponding balance of indicators thus increased by 11 points to the -60.4 mark." 

For April
Provided by: Credit Suisse
Official Release: Press Release

The report showed little change from last month in the headline figure. Current expectations seem to be holding steady, while expectations are mired in negative territory. 

From the Release:  

"The Financial Market Test Switzerland, carried out by Credit Suisse in cooperation with the Centre for European Economic Research (ZEW), revealed in April a nearly unchanged picture regarding the prospects for the Swiss economy compared to the previous month's survey. The relevant Credit Suisse ZEW indicator for economic expectations improved just slightly, by 0.3 points to the -71.4 mark. Accordingly, the majority of respondents still anticipate that economic momentum will lose steam in the coming six months. On the other hand, the assessment of the current economic situation remains mostly upbeat (with the corresponding balance at 65.3 points). Precisely 38.8% of the survey participants expect no change in the inflation environment on a six-month horizon, while 24.5% (up 9.3 %) expect a more moderate inflation rate in the future. Interest rate expectations remained unchanged for the most part in the April survey, with the lion's share of respondents (73.5%) anticipating no change in short-term interest rates. The results of this month's "special question" reveal that most of the financial experts forecast a lower current-account balance for 2008 in the wake of the record surplus registered last year." 

For February
Provided by: Credit Suisse

"The Financial Market Test Switzerland, carried out by Credit Suisse in cooperation with the Centre for European Economic Research (ZEW), revealed that economic expectations diminished considerably in February. Hence, the relevant Credit Suisse ZEW indicator declined by 22.8 points to the -55.6 mark. The assessment of the current economic situation deteriorated as well in February, although it still stands at a high level of 72.2 (down 13.3 points compared with the previous month). Inflation expectations for the coming six months decreased noticeably too, with the balance of indicators declining from 54.5 to 26.4 points. At the same time, nearly half of the financial market experts forecast lower oil prices on a six-month horizon. The majority of survey participants (61.1%) still expect short-term interest rates to remain unchanged in the next half-year. However, since more of the experts surveyed in February anticipate lower interest rates and fewer analysts presume interest rates will climb, the corresponding balance of indicators dropped by 49.5 points to the -20.4 level."