The Swiss investors' sentiment index fell by 7.6 points from the previous month to -20 in December 2024, marking its fifth consecutive month in negative territory and the sharpest drop in the series.
Swiss investors' pessimism worsens
UBS, in partnership with the CFA Society Switzerland, reported that survey participants have lowered their expectations for both short- and long-term interest rates, following the Swiss National Bank's (SNB) larger-than-anticipated rate cut in December.
Outlook remains unchanged
“The long-term outlook remains largely unchanged since September, with Swiss economic growth likely to range between 1-2% and inflation staying within the SNB’s target of 0-2%,” UBS noted. Meanwhile, the current conditions index declined by 6.8 points, reaching 13.1 in December 2024.
