Switzerland's economic confidence deteriorated further in February, a survey conducted by the Centre for European Economic Research/ZEW in cooperation with Credit Suisse showed Wednesday.
The ZEW-CS-Indicator for the economic sentiment dropped 2.9 points to -5.9 in February.
The indicator reflects the expectations of the surveyed financial market experts regarding the economic development in Switzerland on a six-month time horizon.
Meanwhile, the index for current situation rose 2.5 points to -6 in February.
The financial analysts surveyed believe that the Swiss franc looks set to weaken against the euro over the next six months.
Regarding the assessment of the economic prospects for the Eurozone, the sentiment deteriorated considerably, with the indicator falling sharply to 12.0 from 30.3.
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