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Swiss Jan ZEW indicator drops 3 points

Thursday, January 17, 2008

ZURICH (Thomson Financial) - The Swiss ZEW indicator measuring investor sentiment dropped by 3 points on the month to minus 32.7 in January, said Credit Suisse which compiles the indicator in cooperation with European Economic Research institute ZEW.

This month the indicator dropped to the lowest lever since the launch of the indicator in June 2006.

Nevertheless, Credit Suisse said that a majority of 85.5 pct of experts surveyed still assess the current economic picture as "good".

Posted by MOHAMED SAID at 3:45 AM  


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