Swiss ZEW Economic Sentiment Falls In February

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Thursday, results of a financial market test carried out by the Centre for European Economic Research, or ZEW, in cooperation with Credit Suisse revealed that the economic sentiment indicator for Switzerland declined 3.7 points to the 52.5 mark in February.

The assessment of the current economic situation in Switzerland deteriorated sharply in February. Following a strong rise in January, the corresponding indicator fell by 8.6 points to minus 35.7.

According to ZEW, a growing share of 83.3% of the analysts expects short-term interest rates to hold steady at the current level. Meanwhile the balance for inflation expectations declined this month. Although 31% of the analysts still predict that inflation rates will continue to climb, 69% foresee an unchanged inflation outlook on a six-month horizon.

Sentiment among the financial market analysts toward the Swiss stock market has dampened slightly. 14.6% of analysts expect that the Swiss Market Index will lose ground within the next six month.

(Market News Provided by RTTNews)