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Financial News: Swiss Investor Confidence Wanes In August

Swiss Investor Confidence Wanes In August

08/30/2017 - 08:40:00 (RTTNews)

(RTTNews) - Optimism among Swiss financial analysts weakened from a high level in August with nearly half of those surveyed viewing the current economic situation as good, survey data from the investment bank Credit Suisse and the CFA Society Switzerland showed Wednesday.

The Credit Suisse CFA Society Switzerland Indicator that reflects expectations of financial analysts for the economy in the coming six months, dropped to 25 points.

The current trend in which 46 percent of those surveyed consider the current economic situation to be "good" is similar to what was in August 2014, before the abandonment of the EUR minimum exchange rate, Credit Suisse said.

The recent depreciation of the CHF is clearly having a supporting effect here and 96 percent of those surveyed do not expect any deterioration in the economic situation in the next six months.

Similarly, 58 percent of those surveyed found the current economic situation in the Eurozone to be "good", which was the highest figure since the start of the financial crisis in January 2008.

The survey also found that half of the survey participants do not expect any change in the Swiss inflation rate in the next six months, which the share of those expecting an acceleration climbed to 46 percent from 39 percent.

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