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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SwitzerlandSwitzerland Economic Sentiment Index climbed to -11.1 in May 2026
FMPMonthlyReleased May 2026
Switzerland Economic Sentiment Index climbed to -11.1 in May 2026, up 19.2 from April's -30.3 reading. The print exceeded the -24 consensus by 12.9. Economic Sentiment Index has now risen for 3 consecutive months. Over the past 3 months, Economic Sentiment Index averaged -32.65, vs 3.77 in the prior 3-month window. The reading is in the 35th percentile of the trailing 24-month range.
Latest Release
-11.1
Actual
-24
Consensus
-30.3
Previous
Median Absolute Error
±18.43
across last 12 releases
Last Call
May 2026
Predicted: -43.25
Actual: -11.1
Error: -32.15
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/CHF | ▲ Direct | +0.53 | FOREX | Bullish EUR | → View |
| XAU/USD | ▼ Inverse | −0.39 | COMMODITIES | Bearish XAU | → View |
| Euro STOXX 50 | ▲ Direct | +0.33 | INDEX | Bullish Euro STOXX 50 | → View |
| S&P 500 | ▲ Direct | +0.29 | INDEX | Bullish S&P 500 | → View |
| EUR/USD | ▲ Direct | +0.28 | FOREX | Bullish EUR | → 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 -11.10 in May 2026. This beat the market consensus of -24.00 by 12.90. The reading rose from the previous value of -30.30. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged -11.84, ranging from -53.80 to 12.20 across 11 releases.
WHY IT MATTERS
The trailing three releases averaged -12.10, down from the prior three at 4.57. Volatility over the past year (σ 21.80) is higher than the prior year (σ 18.32). In May readings over the past 3 years, Economic Sentiment Index has averaged -4.97.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/CHF (Bullish EUR). A secondary relationship exists with XAU/USD, negatively correlated (Bearish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 18.43.
WHAT TO WATCH NEXT
The next release is scheduled for June 24, 2026. Same-country events in the next 14 days include Balance of Trade (Jun 18) and SNB Interest Rate Decision (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update May 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 (May 2026): actual -11.1, consensus -24. Prior reading (Apr 2026): -30.3. Before that (Mar 2026): -35.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with EUR/CHF (Bullish EUR, r=0.53) — a useful reference for forex-focused traders.