Swiss Investor Confidence rose again, hit 5-month high

Business confidence in Switzerland registered its highest gain in five months, while economic sentiment for a third consecutive month in November on expectations that the momentum of economic development is set to hold steady in the next six months.

The ZEW-Credit Suisse Indicator for the economic sentiment in Switzerland increased by 3.7 points to a current reading of 8.9 points. In contrast, there was a decline in the current conditions to 14.7 from 17.9 previously.

Close to 75% of survey respondents expect the economic development to be unchanged over the next six months, while 85% of the survey’s replies indicated that the economic situation is normal.

The survey results are unlikely to have a significant impact on the short-term outlook, especially given expectations that the US Presidential election will have a significant impact on the global political and economic outlook.

The National Bank will continue to monitor franc developments closely with further concerns surrounding the overall Eurozone trends with the risk that political tensions will trigger a fresh Euro slide, which would tend to upward pressure on the franc.