- Analytics
- News and Tools
- Market News
- Swiss economic confidence improves further in November: ZEW
Swiss economic confidence improves further in November: ZEW
Economic confidence in Switzerland increased for the fifth consecutive month in November, continuing the upward trend seen in recent months, data from a monthly survey conducted by the Centre for European Economic Research (ZEW) and Credit Suisse (CS) showed Wednesday.
The ZEW-CS Indicator of economic expectations climbed to 31.6 points in November from 24.9 points in October, which was the highest reading in three years. The indicator reflects expectations of surveyed financial market experts regarding economic development in Switzerland on a six-month time horizon.
In November, 41.4 percent of the surveyed experts said they expect Switzerland's economic conditions to improve in the next six months, which is 10.2 percentage points higher than in the previous month.
Meanwhile, the share of analysts who were upbeat about the country's current economic situation decreased by 12 percentage points during the month.
With regard to the Eurozone, the majority of the respondents said they expect an improvement in economic activity in the bloc in the coming months, data showed.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
