Investing.com - Economic sentiment in Switzerland improved less-than-expected in July, industry data showed on Wednesday.
In a report, the Centre for European Economic Research (ZEW) said its indicator of economic sentiment improved by 2.6 points to a reading of 4.8 in July from a reading of 2.2 in June.
Analysts had expected the index to improve by 3.8 points to 6.0 in July.
The indicator reflects the expectations of the surveyed financial market experts regarding the economic development in Switzerland on a six-month time horizon.
A reading above 0.0 on the indicator indicates optimism, while a score below 0.0 indicates pessimism.
Following the release of the data, the Swiss franc was little changed against the U.S. dollar, with USD/CHF adding 0.02% to trade at 0.9392.
In a report, the Centre for European Economic Research (ZEW) said its indicator of economic sentiment improved by 2.6 points to a reading of 4.8 in July from a reading of 2.2 in June.
Analysts had expected the index to improve by 3.8 points to 6.0 in July.
The indicator reflects the expectations of the surveyed financial market experts regarding the economic development in Switzerland on a six-month time horizon.
A reading above 0.0 on the indicator indicates optimism, while a score below 0.0 indicates pessimism.
Following the release of the data, the Swiss franc was little changed against the U.S. dollar, with USD/CHF adding 0.02% to trade at 0.9392.