Switzerland’s investor expectations rose for the third consecutive month in May, indicating neither deterioration nor improvement of economic activity, survey results from the Mannheim-based think tank ZEW and Credit Suisse showed Wednesday.
The ZEW-CS indicator, which reflects the expectations of the surveyed financial market experts regarding economic development on a six-month horizon, climbed 23.1 points to minus 0.1 points.
The current conditions index of the survey is rated as being “normal” with an assessment balance of 0 points in May, which was a slight improvement over the previous month’s reading.
Both the economic expectations indicator as well as the measure for the current economic activity are in neutral territory with a reading of zero, the survey said.
However, the ZEW-CS indicator signaled that there is uncertainty among analysts with respect to the economic activity in Switzerland with half of the respondents expecting unchanged economic conditions in the coming months.
At the same time, about 22 percent of the analysts oppose expectations about economic improvement or deterioration. A clearer picture of the economic development is expected at the end of next week with the release of the preliminary Swiss GDP estimate for the first quarter of 2015, the report added.
The material has been provided by InstaForex Company – www.instaforex.com