Investing.com - Economic sentiment in Switzerland improved more-than-expected in November, hitting the highest level since May 2010, industry data showed on Wednesday.
In a report, the Centre for European Economic Research (ZEW) said its indicator of economic sentiment improved by 6.7 points to a reading of 31.6 in November from a reading of 24.9 in October.
Analysts had expected the index to improve by 5.1 points to 30.0 this month.
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 higher against the U.S. dollar, with USD/CHF shedding 0.01% to trade at 0.9110.
In a report, the Centre for European Economic Research (ZEW) said its indicator of economic sentiment improved by 6.7 points to a reading of 31.6 in November from a reading of 24.9 in October.
Analysts had expected the index to improve by 5.1 points to 30.0 this month.
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 higher against the U.S. dollar, with USD/CHF shedding 0.01% to trade at 0.9110.