Swiss Investor Confidence Unchanged in June, ZEW Says
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Swiss investor confidence was unchanged in June, signaling the economy may struggle to gain momentum amid a recession in the neighboring euro area.
An index of investor and analyst expectations, which aims to predict economic developments six months in advance, stayed at 2.2 in June, matching the lowest level since January, the ZEW Center for European Economic Research in Mannheim, Germany, and Zurich-based Credit Suisse Group AG said in a statement today.