Switzerland's economic confidence remained unchanged in June, a monthly survey by the Centre for European Economic Research in cooperation with Credit Suisse showed Wednesday.
The ZEW-CS Indicator of economic expectations stayed unchanged at 2.2 points in June. The indicator reflects expectations of the surveyed financial market experts regarding economic development in Switzerland on a six-month time horizon.
The share of analysts who foresee economic conditions to deteriorate over the next six months decreases by 2.6 percentage points, and the number of optimists also shrank by the same amount, leaving the index unchanged.
Meanwhile, the indicator of experts' views of the current economic situation improved modestly during the month, by 1.7 points from the previous month to 21.7 points, hitting the highest level since August 2011, data showed.
Last week, the State Secretariat For Economic Affairs raised Switzerland's growth estimate for 2013 to 1.4 percent from 1.3 percent. The forecast for next year has been confirmed at 2.1 percent.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.