2016.06.2205:20:00UTC+00Swiss Economic Sentiment Improves Slightly In June

Swiss economic sentiment improved in June, 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 rose by 1.9 points to 19.4 in June. The index reached its highest level since February 2014.

Economic expectations continued the upward trend witnessed in the second quarter of 2016.

The indicator reflects the expectations of the surveyed financial market experts regarding the economic development in Switzerland on a six-month time horizon.

Despite the moderate optimistic sentiment regarding Swiss economic expectations, a majority of 54.8 percent of analysts currently expects a constant economic environment over a six-month horizon.

None of the surveyed experts considered the current economic conditions to be "bad".

Consequently, the indicator which reflects Switzerland's current economic environment increased to 6.2 points in June.