Investing.com – Economic sentiment in Switzerland improved in February, rising significantly for the second consecutive month, data showed on Wednesday.
In a report, the Centre for European Economic Research (ZEW) said its indicator of economic sentiment improved by 28.9 points to minus 21.2 in February from a reading of minus 50.1 in January.
A reading above 0.0 on the indicator indicates optimism, while a score below 0.0 indicates pessimism.
Nevertheless, financial market experts’ opinion on the current economic situation in Switzerland is virtually unchanged in February. The respective indicator remains at a level of minus 15.5 points.
Among the participants only 5.7% consider the state of the Swiss economy to be "good".
Following the release of the data, the Swiss franc remained higher against the U.S. dollar, with USD/CHF slumping 0.27% to trade at 0.9169.
In a report, the Centre for European Economic Research (ZEW) said its indicator of economic sentiment improved by 28.9 points to minus 21.2 in February from a reading of minus 50.1 in January.
A reading above 0.0 on the indicator indicates optimism, while a score below 0.0 indicates pessimism.
Nevertheless, financial market experts’ opinion on the current economic situation in Switzerland is virtually unchanged in February. The respective indicator remains at a level of minus 15.5 points.
Among the participants only 5.7% consider the state of the Swiss economy to be "good".
Following the release of the data, the Swiss franc remained higher against the U.S. dollar, with USD/CHF slumping 0.27% to trade at 0.9169.