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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SwitzerlandSwitzerland ZEW Expectations climbed to 39.4 in December 2013
FMPMonthlyReleased December 2013
Switzerland ZEW Expectations climbed to 39.4 in December 2013, up 7.8 from November's 31.6 reading. The print exceeded the 36 consensus by 3.4. The print is running well above the 12-month average of 31.6.
Latest Release
39.4
Actual
36
Consensus
31.6
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 | 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
ZEW Expectations (Switzerland) was reported at -15.30 in October 2026. 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 22.21).
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).
WHAT TO WATCH NEXT
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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ZEW Expectations - CH
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About ZEW Expectations — Switzerland
DEFINITION
ZEW Expectations is a widely recognized financial indicator that measures the sentiment and expectations of financial experts and analysts in Germany. It provides valuable insights into the future economic outlook of the country, as well as potential market trends and investment opportunities. This indicator is closely monitored by investors and policymakers as it can impact financial decisions and strategies. ZEW Expectations is considered a key indicator for assessing the overall health and stability of the German economy.
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 (Oct 2026): actual -15.3. 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 |