Switzerland Economic Sentiment Index

Info

History

Chart

Impact:

Low

Latest Release:

Big Surprise:

CHF-40.7

Actual:

-51.6

Forecast: -10.9

Previous/Revision:

-10.7

Period: Apr 2025

Next Release:

Forecast:

Period: May 2025

What Does It Measure?

The Switzerland Economic Sentiment Index measures the confidence within the Swiss economic marketplace, focusing on the perceptions and expectations of economic analysts and investors regarding Switzerland's future economic situation. This national indicator assesses sentiments related to production, employment, and inflation, with positive readings suggesting economic optimism and negative ones indicating pessimism.

Frequency

This index is released monthly as a preliminary estimate, usually published in the first half of the month.

Why Do Traders Care?

Traders closely monitor this index as it gauges the investment community's outlook on Switzerland's economic trajectory, influencing financial market predictions. A result that exceeds expectations tends to be bullish for the Swiss Franc and equities, while lower readings are bearish, primarily due to its impact on economic forecasts.

What Is It Derived From?

The Switzerland Economic Sentiment Index is derived from a survey conducted among economic analysts and institutional investors. It utilizes a diffusion index methodology, where the balance of positive and negative responses is weighted to provide an overall sentiment measure.

Description

The index offers insights into the potential direction of the Swiss economy by reflecting the aggregated expectations of market participants. Preliminary data is often based on early responses and can be revised, providing initial market reactions that might adjust once the final data is released. Although the preliminary readings create immediate market effects, the final numbers can still shift investor sentiment due to potential revisions and more accurate data representation.

Additional Notes

This index is considered a leading indicator as it predicts future economic activity based on the perspectives of informed respondents. By correlating with other sentiment indices in Europe, it allows analysts to compare the position of Switzerland relative to its neighbors and make assessments about regional economic trends.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for the Swiss Franc, Bullish for Swiss Stocks. Lower than expected: Bearish for the Swiss Franc, Bearish for Swiss Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the ‘Actual’ value differs enough from the forecast or if the ‘Previous’ value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the ‘Actual’ deviates from the forecast or there’s a notable revision to the ‘Previous’ value.

Medium Potential Impact
This event is unlikely to affect market pricing unless there’s an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
'Actual' deviated from 'Forecast' on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
'Actual' deviated from 'Forecast' on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency.

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Apr 30, 2025	-51.6	-10.9	-10.7	-40.7
Mar 26, 2025	-10.7	9	3.4	-19.7
Feb 26, 2025	3.4	18.2	17.7	-14.8
Jan 29, 2025	17.7	-21	-20	38.7
Dec 23, 2024	-20	-10	-12.4	-10
Nov 27, 2024	-12.4	-8	-7.7	-4.4
Oct 30, 2024	-7.7	-5	-8.8	-2.7
Sep 25, 2024	-8.8	2.7	-3.4	-11.5
Aug 28, 2024	-3.4		9.4
Jul 31, 2024	9.4	18	17.5	-8.6
Jun 26, 2024	17.5	20	18.2	-2.5
May 29, 2024	18.2	19	17.6	-0.8
Apr 24, 2024	17.6	9.9	11.5	7.7
Mar 27, 2024	11.5	-14	10.2	25.5
Feb 28, 2024	10.2	-17	-19.5	27.2
Jan 31, 2024	-19.5	-22	-23.7	2.5
Dec 27, 2023	-23.7	-26	-29.6	2.3
Nov 29, 2023	-29.6	-40	-37.8	10.4
Oct 25, 2023	-37.8	-24	-27.6	-13.8
Sep 27, 2023	-27.6	-36	-38.6	8.4
Aug 30, 2023	-38.6	-31.3	-32.6	-7.3
Jul 26, 2023	-32.6	-31.1	-30.8	-1.5
Jun 28, 2023	-30.8	-32.3	-32.2	1.5
May 31, 2023	-32.2	-28	-33.3	-4.2
Apr 26, 2023	-33.3	-36	-41.3	2.7
Mar 29, 2023	-41.3	-8	-12.3	-33.3
Feb 22, 2023	-12.3	-37	-40	24.7
Jan 25, 2023	-40	-20	-42.8	-20
Dec 28, 2022	-42.8	-48	-57.5	5.2
Nov 30, 2022	-57.5	-50.4	-53.1	-7.1
Oct 26, 2022	-53.1	-72	-69.2	18.9
Sep 28, 2022	-69.2	-50	-56.3	-19.2
Aug 31, 2022	-56.3	-57.5	-57.2	1.2
Jul 27, 2022	-57.2	-74.1	-72.7	16.9
Jun 29, 2022	-72.7	-54.6	-52.6	-18.1
May 25, 2022	-52.6	-45.3	-51.6	-7.3
Apr 27, 2022	-51.6	-29.7	-27.8	-21.9
Mar 30, 2022	-27.8	7.9	9	-35.7
Feb 23, 2022	9	11.3	9.5	-2.3
Jan 26, 2022	9.5	2.9	0	6.6
Dec 29, 2021	0	-11.5	-10.8	11.5
Nov 24, 2021	-10.8	10.5	15.6	-21.3
Oct 27, 2021	15.6	19.1	25.7	-3.5
Sep 29, 2021	25.7	-12	-7.8	37.7
Aug 25, 2021	-7.8	40	42.8	-47.8
Jul 28, 2021	42.8	56.2	51.3	-13.4
Jun 30, 2021	51.3	75	72.2	-23.7
May 26, 2021	72.2	67.5	68.3	4.7
Apr 28, 2021	68.3	66	66.7	2.3
Mar 31, 2021	66.7	60	55.5	6.7
Feb 24, 2021	55.5	36	43.2	19.5
Jan 27, 2021	43.2	50	46.8	-6.8
Dec 30, 2020	46.8	15	30	31.8
Nov 25, 2020	30	-6	2.3	36
Oct 28, 2020	2.3	18.5	26.2	-16.2
Sep 30, 2020	26.2	40.2	45.6	-14
Aug 26, 2020	45.6	51	42.4	-5.4
Jul 29, 2020	42.4	47.5	48.7	-5.1
Jun 24, 2020	48.7	37	31.3	11.7
May 27, 2020	31.3	25	12.7	6.3
Apr 29, 2020	12.7	-41	-45.8	53.7
Mar 25, 2020	-45.8	-30	7.7	-15.8
Feb 26, 2020	7.7	4	8.3	3.7
Jan 29, 2020	8.3	15	12.5	-6.7
Dec 27, 2019	12.5	-8.5	-3.9	21
Nov 27, 2019	-3.9	-30.5	-30.5	26.6
Oct 30, 2019	-30.5	-6.8	-15.4	-23.7
Sep 25, 2019	-15.4	-32	-37.5	16.6
Aug 28, 2019	-37.5	-26	-24	-11.5
Jul 24, 2019	-24	-24	-30
Jun 26, 2019	-30	-16.4	-14.3	-13.6
May 29, 2019	-14.3	-10	-7.7	-4.3
Apr 24, 2019	-7.7	-18	-26.9	10.3
Mar 27, 2019	-26.9	-12.3	-16.6	-14.6
Feb 27, 2019	-16.6	-36	-44	19.4
Jan 30, 2019	-44	-20	-22.2	-24
Dec 27, 2018	-22.2	-32.6	-42.3	10.4
Nov 28, 2018	-42.3	-32.2	-39.1	-10.1
Oct 31, 2018	-39.1	-26	-30.8	-13.1
Sep 26, 2018	-30.8	-10.2	-14.3	-20.6
Aug 29, 2018	-14.3	2.7	-4	-17
Jul 25, 2018	-4	5.1	8	-9.1
Jun 27, 2018	8	21.5	28	-13.5
May 30, 2018	28	17.3	7.2	10.7
Apr 25, 2018	7.2	19.2	16.7	-12
Mar 28, 2018	16.7	20.9	25.8	-4.2
Feb 28, 2018	25.8	29.5	34.5	-3.7
Jan 31, 2018	34.5	52.8	52	-18.3
Dec 27, 2017	52	42.4	40.7	9.6
Nov 29, 2017	40.7	32.8	32	7.9
Oct 25, 2017	32	28.5	28	3.5
Sep 27, 2017	28	27.5	25	0.5
Aug 30, 2017	25	32.9	34.7	-7.9
Jul 26, 2017	34.7	20.4	20.7	14.3
Jun 28, 2017	20.7	31.8	30.8	-11.1
May 31, 2017	30.8	22.9	22.2	7.9
Apr 26, 2017	22.2	32.2	29.6	-10
Mar 29, 2017	29.6	20.5	19.4	9.1
Feb 22, 2017	19.4	20	18.5	-0.6
Jan 25, 2017	18.5	15.1	12.9	3.4