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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SwitzerlandSwitzerland Economic Sentiment Index fell to -15.3 in October 2026
FMPMonthlyReleased October 2026
Switzerland Economic Sentiment Index fell to -15.3 in October 2026, down 17.9 from September's 2.6 reading. The reading missed the 1.3 consensus by 16.6. Economic Sentiment Index has now declined for 3 consecutive months. Over the past 3 months, Economic Sentiment Index averaged 7.35, vs -8.7 in the prior 3-month window. The reading is in the 35th percentile of the trailing 24-month range.
Latest Release
-15.3
Actual
1.3
Consensus
2.6
Previous
Median Absolute Error
±17.35
across last 12 releases
Last Call
Oct 2026
Predicted: -0.27
Actual: -15.3
Error: +15.03
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| XAU/USD | ▼ Inverse | −0.54 | COMMODITIES | Moves against | → View |
| CHF/JPY | ▲ Direct | +0.36 | FOREX | Moves with | → View |
| Euro STOXX 50 | ▲ Direct | +0.26 | INDEX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Economic Sentiment Index (Switzerland) was reported at -15.30 in October 2026. This missed the market consensus of 1.30 by 16.60. The reading fell from the previous value of 2.60. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged -3.47, ranging from -35.00 to 12.20 across 11 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged -0.20, up from the prior three at -8.70. Volatility over the past year (σ 15.47) is lower than the prior year (σ 21.29). In October readings over the past 3 years, Economic Sentiment Index has averaged -10.23.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU). A secondary relationship exists with CHF/JPY, positively correlated (Bullish CHF). Over the last 12 releases, the Sigmacast model's median absolute error is 17.35.
WHAT TO WATCH NEXT
The next release is scheduled for November 25, 2026. Same-country events in the next 14 days include procure.ch Manufacturing PMI (Nov 2) and Inflation Rate YoY (Nov 3).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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Economic Sentiment Index - CH
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About Economic Sentiment Index — Switzerland
DEFINITION
The Economic Sentiment Index is a key financial indicator that measures the overall confidence and outlook of consumers and businesses towards the economy. It takes into account various factors such as consumer spending, business investment, and employment trends to provide a comprehensive assessment of the current economic climate. This index is closely monitored by investors, policymakers, and analysts as it can provide valuable insights into the direction of the economy and potential market trends.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Oct 2026): actual -15.3, consensus 1.3. Prior reading (Sep 2026): 2.6. Before that (Aug 2026): 12.1.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with XAU/USD (Bearish XAU, r=-0.54) — a useful reference for commodities-focused traders.
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EXPECTED ZONE
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Economic Calendar - CH Events
| Friday, October 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:00 | CH | KOF Leading Indicators | 107.6 | 109.1 | 108.3 | 107.95 | Medium |