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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SwitzerlandSwitzerland ZEW Economic Sentiment Index climbed to 11.5 in April 2016
FMPMonthlyReleased April 2016
Switzerland ZEW Economic Sentiment Index climbed to 11.5 in April 2016, up 9 from March's 2.5 reading. The print exceeded the 2.5 consensus by 9. ZEW Economic Sentiment Index has now risen for 3 consecutive months. Over the past 3 months, ZEW Economic Sentiment Index averaged -1.7, vs 4.53 in the prior 3-month window. The reading is in the 84th percentile of the trailing 24-month range.
Latest Release
11.5
Actual
2.5
Consensus
2.5
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
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 |
|---|---|---|---|---|---|
| USD/CHF | ▼ Inverse | −0.50 | FOREX | Bullish CHF | → View |
| EUR/CHF | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| CHF/JPY | ▲ Direct | +0.40 | FOREX | Bullish CHF | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Watch | → View |
| GBP/CHF | ▼ Inverse | −0.35 | FOREX | Bullish CHF | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
ZEW Economic Sentiment Index (Switzerland) was reported at 12.90 in December 2016. The reading rose from the previous value of 8.90. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 9.00, up from the prior three at 1.93.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CHF (Bullish CHF). A secondary relationship exists with EUR/CHF, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Current Account (Jun 23) and KOF Leading Indicators (Jun 30).
Auto-generated from current model state · Refreshes on each release · Last update December 2016.
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ZEW Economic Sentiment Index - CH
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About ZEW Economic Sentiment Index — Switzerland
DEFINITION
The ZEW Economic Sentiment Index is a widely recognized financial indicator that measures the level of optimism or pessimism among financial experts and analysts regarding the economic outlook of a particular country. It provides valuable insights into future economic trends and can be used as a reliable tool for making informed investment decisions. The index is based on a monthly survey of over 300 experts and is considered a key indicator of economic sentiment in the financial world.
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. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Dec 2016): actual 12.9. Prior reading (Nov 2016): 8.9. Before that (Oct 2016): 5.2.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with USD/CHF (Bullish CHF, r=-0.50) — a useful reference for forex-focused traders.