Investing.com – Economic sentiment in Switzerland improved in March, data showed on Wednesday.
In a report, the Centre for European Economic Research (ZEW) said its indicator of economic sentiment improved to -13.5 in March, compared to a reading of -17.2 in February.
A reading above 0.0 on the indicator indicates optimism, while a score below 0.0 indicates pessimism.
According to the data, the indicator for the assessment of the current economic situation in Switzerland has improved by 7.6 points in March, reaching an extraordinarily high plateau of 67.6 points.
Inflation expectations climbed further in March, with 64.9% of respondents in the interim anticipating a pick-up in the Swiss consumer price index on a six-month horizon.
Following the release of the data the Swiss franc was down against the U.S. dollar, with USD/CHF climbing 0.1% to hit 0.9175.
In a report, the Centre for European Economic Research (ZEW) said its indicator of economic sentiment improved to -13.5 in March, compared to a reading of -17.2 in February.
A reading above 0.0 on the indicator indicates optimism, while a score below 0.0 indicates pessimism.
According to the data, the indicator for the assessment of the current economic situation in Switzerland has improved by 7.6 points in March, reaching an extraordinarily high plateau of 67.6 points.
Inflation expectations climbed further in March, with 64.9% of respondents in the interim anticipating a pick-up in the Swiss consumer price index on a six-month horizon.
Following the release of the data the Swiss franc was down against the U.S. dollar, with USD/CHF climbing 0.1% to hit 0.9175.