Investing.com – Economic sentiment in Switzerland improved significantly in January, rising to the highest level since June 2011, data showed on Wednesday.
In a report, the Centre for European Economic Research (ZEW) said its indicator of economic sentiment improved by 21.9 points to minus 50.1 in January from a reading of minus 72.0 in December.
A reading above 0.0 on the indicator indicates optimism, while a score below 0.0 indicates pessimism.
It was the strongest increase since April 2011 and the highest level of the indicator since June 2011.
The indicator for the assessment of the current economic situation increased moderately by 5.3 points to the minus 14.7 threshold.
The majority of the financial market experts expect an increase of the indicators for the gold price and the unemployment rate of Switzerland during the next six months.
Following the release of the data, the Swiss franc remained higher against the U.S. dollar, with USD/CHF slumping 0.39% to trade at 0.9458.
In a report, the Centre for European Economic Research (ZEW) said its indicator of economic sentiment improved by 21.9 points to minus 50.1 in January from a reading of minus 72.0 in December.
A reading above 0.0 on the indicator indicates optimism, while a score below 0.0 indicates pessimism.
It was the strongest increase since April 2011 and the highest level of the indicator since June 2011.
The indicator for the assessment of the current economic situation increased moderately by 5.3 points to the minus 14.7 threshold.
The majority of the financial market experts expect an increase of the indicators for the gold price and the unemployment rate of Switzerland during the next six months.
Following the release of the data, the Swiss franc remained higher against the U.S. dollar, with USD/CHF slumping 0.39% to trade at 0.9458.