Switzerland Zew Economic Sentiment Index

Last Release

Oct 31, 2025

Actual

-7.7

Units In

N/A

-46.4

Frequency

Monthly

Next Release

Nov 27, 2025

Time to Release

27 Days 8 Hours

Highest	Lowest	Average	Date Range	Source
72.2 May 2021	-91.1 Oct 2008	-6.92	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 rose by 38.7 points month-on-month to -7.7 in October 2025. According to UBS, this is one of the largest increases in the history of the indicator, next to surges observed in the aftermath of the great financial crisis and during the COVID pandemic. Despite the recovery, sentiment remains dampened by the US imposing 39% tariffs on Swiss exports in August, as the US takes about 17% of Switzerland’s total exports, making it the country’s largest export market. Meanwhile, the current conditions index remained neutral at 0, down from 3.6 in the previous month, reflecting subdued assessments of the present economic situation.