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Swiss Economic Sentiment Improves In April: ZEW

Switzerland's economic sentiment improved from the previous month in April, data from a survey by the Center for European Economic Research and Credit Suisse showed Wednesday.

The ZEW-CS economic expectations indicator improved to 2.1 points in April from the previous month's flat reading, and stabilized at the positive territory.

The sub-indicator that measures experts' views on the current economic situation in Switzerland improved by 8.2 points to 2.2 points during the month, marking the second consecutive increase. Regarding the exchange rate of the Swiss franc versus the Euro, an unchanged majority of experts said they expect a stable rate, the survey showed.

The ZEW-CS economic sentiment indicator, measured monthly by the Center for European Economic Research (ZEW) in cooperation with Credit Suisse (CS), reflects the expectations of the surveyed financial market experts regarding the economic development in Switzerland on a six-month time horizon.

by RTTNews Staff Writer

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