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Swiss Economic Sentiment Improves In December: ZEW

12/12/2012 5:47 AM ET

Expectations for the Swiss economy turned more optimistic in December, data from a survey by the Center for European Economic Research (ZEW) and Credit Suisse showed Wednesday.

The ZEW index that measures expectations of surveyed financial market experts regarding the economic development in Switzerland on a six-month time horizon increased by 12.4 points to -15.5 points in December.

This marked improvement in sentiment is a continuation of the indicator's recovery which began in June 2012 when it recorded a 40-point slump.

As much as 71.1 percent of the experts who participated in the survey expect the Swiss economic situation to remain unchanged over the next six months.

At the same time, respondents' assessments of the current economic environment turned more positive in December, with the relevant indicator rising to 6.6 points. The share of experts assessing the current situation as 'good' was slightly greater than the share of pessimists.

by RTT Staff Writer

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