Schweiz ZEW-Konjunkturerwartungen

The Swiss investors’ sentiment index dropped by 7.6 points from the previous month to -20 in December 2024, marking its fifth consecutive month in negative territory and the steepest decline in the sequence. According to UBS, which collaborates with the CFA Society Switzerland to release the indicator, survey participants have lowered their expectations for both short and long-term interest rates, following the larger-than-expected rate cut by the Swiss National Bank (SNB) in December. “The assessment of the long-term outlook has not changed significantly since September, with Swiss growth most likely 1-2% and inflation within the SNB’s target range of 0-2%,” UBS added. Meanwhile, the current conditions gauge fell by 6.8 points to 13.1 in December 2024.