19.08.201006:28:00UTC+00Swiss Zew Economic Sentiment Index Rises In August

An indicator of Swiss economic sentiment rose sharply in August, data from the Center for European Economic Research showed Thursday.

The Credit Suisse - ZEW economic sentiment indicator increased by 6.9 points to 9.1.

Meanwhile, the indicator for the assessment of the current economic situation in Switzerland continued to follow its upward trend this month as well, surpassing the previous month's level by 5.1 points with a reading of 27.3.

Expectations regarding the interest rate environment also rose further in August. Of the analysts surveyed, 39.5% anticipate an increase in short-term rates in the next six-month period.

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