Swiss ZEW Investor Sentiment Index Declines as Economy Slows
Swiss investor confidence declined in December, adding to signs of a deepening economic slowdown as exporters are struggling with a strong franc.
An index of investor and analyst expectations, which aims to predict economic developments six months in advance, fell to minus 72 from minus 64.3 in November, the ZEW Center for European Economic Research in Mannheim, Germany, and Zurich- based Credit Suisse Group AG (CSGN) said in an e-mailed statement today. A gauge of analysts’ assessment of the economic situation dropped to minus 20 from minus 4.8 in November.
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