Switzerland Zew Economic Sentiment Index

Last Release

Aug 31, 2025

Actual

-53.8

Units In

N/A

2.4

Frequency

Monthly

Next Release

Sep 25, 2025

Time to Release

27 Days 10 Hours

Highest	Lowest	Average	Date Range	Source
72.2 May 2021	-91.1 Oct 2008	-6.74	2006-2025	Credit Suisse & CFA Society Switzerland

In Switzerland, the CS-CFA Society Economic Sentiment Index measures the level of optimism that analysts have about the expected economic developments over the next 6 months. The survey covers up to 350 financial and economic analysts. The index is constructed as the difference between the percentage share of analysts that are optimistic and the percentage of analysts that are pessimistic about the development of the economy. Therefore, the ZEW indicator measures the confidence on a scale of -100 (all analysts expect the economy to deteriorate) up to 100 (all analysts expect it to improve). A 0 value indicates neutrality.

Latest Updates

The Swiss investors’ sentiment index plunged 56.2 points month-on-month to -53.8 in August 2025, signaling renewed pessimism after a brief positive reading of 2.4 in July. This is the weakest level since November 2022, largely weighed down by the introduction of 39% US tariffs on Swiss exports in early August. The US accounts for roughly 17% of Switzerland’s total exports, making it the country’s largest export market. Analysts expect Swiss export momentum to weaken over the next six months, with the relevant sub-index dropping sharply from -35.1 to -89.8, the largest drag on overall sentiment. Meanwhile, the current conditions index remained neutral at 0, down from 9.5 in the previous month, reflecting subdued assessments of the present economic situation.