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The economic expectations for Switzerland have improved again in August, the latest financial market survey carried out by the Centre for European Economic Research in co-operation with Credit Suisse revealed Thursday.
After recording a fall in July to 0.0 from 9.7 in June, the ZEW-CS indicator of economic expectations climbed to 18.6 in August, continuing the improvement that started at the beginning of 2009.
At the same time, the current situations index was less positive, deteriorating by 8.9 points to a reading of minus 79.1 in August.
The survey found that there was only a slight change in inflation expectations since the July survey. Roughly two-thirds of the respondents now expect the inflation rate to continue holding steady at the current level.
Responding to this month's special question, which was to describe factors leading to a weakening in lending activity, more than half of the respondents expressed agreement with the three respective possible factors: lack of demand, lack of supply as well as deteriorating consumer credit ratings and stricter equity capital regulations for banks.
On the other hand, 26.3% of the survey participants do not consider the lack of supply as a factor of origin in this context.
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