Investors in Switzerland are cautiously optimistic on the countries’ six month economic outlook, the latest ZEW CS survey held in October revealed.
The view on the six month economic outlook rose by 2.5 basis points to 5.2 points, while the assessment of the current situation improved even more significantly, from 9.9 to 17.9 points, according to the poll, conducted jointly by German thinktank ZEW Institute and Credit Suisse among 39 analysts based in Switzerland.
More than two thirds of respondents anticipate that the Swiss economy will remain stable over the next six months, the share of respondents expecting a stable outlook has increased gradually compared to previous months.
This is also reflected in an increasingly optimistic inflation outlook, for the first time in more than five years, the majority of respondents expects inflation to pick up within the next half year. At the same time, just over a third of respondents believe that the stabilisation of the Swiss economy will be reflected in more pronounced growth of Swiss stock market indices.