Investing.com – Economic sentiment in Switzerland improved significantly in April, moving into positive territory again for the first time since August 2010, data showed on Thursday.
In a report, the Centre for European Economic Research (ZEW) said its indicator of economic sentiment improved to 8.8 in April, compared to a reading of -13.5 in March.
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 fell 5.8 points to 61.8, after reaching an extraordinarily high plateau of 67.6 points in March.
Inflation expectations climbed further in April, increasing by 8.7 points to 73.6.
Following the release of the data the Swiss franc was up against the U.S. dollar, with USD/CHF shedding 0.39% to hit 0.8929.
In a report, the Centre for European Economic Research (ZEW) said its indicator of economic sentiment improved to 8.8 in April, compared to a reading of -13.5 in March.
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 fell 5.8 points to 61.8, after reaching an extraordinarily high plateau of 67.6 points in March.
Inflation expectations climbed further in April, increasing by 8.7 points to 73.6.
Following the release of the data the Swiss franc was up against the U.S. dollar, with USD/CHF shedding 0.39% to hit 0.8929.