Investing.com – Economic sentiment in Switzerland declined in January, data showed on Thursday.
In a report, the Centre for European Economic Research (ZEW) said its indicator of economic sentiment fell to -18.4 in January, compared to a reading of -12.5 December.
A reading above 0.0 on the indicator indicates optimism, while a score below 0.0 indicates pessimism.
However, the indicator for the assessment of the current economic situation rose to 71.1 in January, up from 62.5 in December. This value was reached at the beginning of 2008 for the last time.
Following the release of the data the Swiss franc was up against the U.S. dollar, with USD/CHF shedding 0.10% to hit 0.9536.
In a report, the Centre for European Economic Research (ZEW) said its indicator of economic sentiment fell to -18.4 in January, compared to a reading of -12.5 December.
A reading above 0.0 on the indicator indicates optimism, while a score below 0.0 indicates pessimism.
However, the indicator for the assessment of the current economic situation rose to 71.1 in January, up from 62.5 in December. This value was reached at the beginning of 2008 for the last time.
Following the release of the data the Swiss franc was up against the U.S. dollar, with USD/CHF shedding 0.10% to hit 0.9536.