Investor confidence in Switzerland improved in July after deteriorating in the previous month, data from a survey by Credit Suisse and the Center for European Economic Research (ZEW) showed Wednesday.
The headline index, which reflects expectations of surveyed financial market experts regarding Switzerland's economic development in a six-month time horizon, increased to -42.5 points in July from -43.4 points in June.
The survey showed that economic expectations have somewhat stabilized at a low level in July, after a steep fall in the previous month. The number of analysts expecting the economic development in Switzerland to stay unchanged over the next six months increased during the month.
Meanwhile, the measure of respondents' assessment of the current economic situation declined by 1.3 points from the previous month to 18.4 points in July.
by RTT Staff Writer
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