"Given the weak global economy you would have expected more of a fall"
- David Marmet, economist at ZKB
Economic expectations in Switzerland deteriorated in September, a survey by the European Economic Research (ZEW) and Credit Suisse showed Wednesday. The ZEW index that measures expectations of futures economic performance fell by 1.6 points to -34.9, down from -33.3 in the prior month. A reading above 0.0 indicates optimism, while a reading below indicates pessimism.
"Given the weak global economy you would have expected more of a fall," said ZKB economist David Marmet.
"We have signs here that the deflationary tendencies are diminishing each month," said ZKB economist David Marmet. "I don't think it will affect the policy announcement in September, but it shows the SNB's policies are having an effect."
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies edged higher 0.51 per cent to 6,570.72. The broader Swiss Performance Index climbed 0.41 per cent to 6,085.95.
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