Switzerland Zew Economic Sentiment Index

Last Release

Dec 31, 2024

Actual

-20

Units In

N/A

-12.4

Frequency

Monthly

Next Release

Jan 31, 2025

Time to Release

1 Months 6 Days 8 Hours

Highest	Lowest	Average	Date Range	Source
72.2 May 2021	-91.1 Oct 2008	-6.46	2006-2024	Credit Suisse & CFA Society Switzerland

In Switzerland, the CS-CFA Society Economic Sentiment Index measures the level of optimism that analysts have about the expected economic developments over the next 6 months. The survey covers up to 350 financial and economic analysts. The index is constructed as the difference between the percentage share of analysts that are optimistic and the percentage of analysts that are pessimistic about the development of the economy. Therefore, the ZEW indicator measures the confidence on a scale of -100 (all analysts expect the economy to deteriorate) up to 100 (all analysts expect it to improve). A 0 value indicates neutrality.

Latest Updates

The Swiss investors’ sentiment index dropped by 7.6 points from the previous month to -20 in December 2024, marking its fifth consecutive month in negative territory and the steepest decline in the sequence. According to UBS, which collaborates with the CFA Society Switzerland to release the indicator, survey participants have lowered their expectations for both short and long-term interest rates, following the larger-than-expected rate cut by the Swiss National Bank (SNB) in December. “The assessment of the long-term outlook has not changed significantly since September, with Swiss growth most likely 1-2% and inflation within the SNB’s target range of 0-2%,” UBS added. Meanwhile, the current conditions gauge fell by 6.8 points to 13.1 in December 2024.