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Investor confidence in Switzerland hit its highest level since 2014

2017-10-25 12:37 pm | Resource: NEWS | No Views : 334

Investor confidence in Switzerland improved for the second consecutive month in October to its second-highest level since the beginning of 2014, according to data from Credit Suisse and Switzerland's KFA Switzerland on Wednesday.

Credit Suisse, which measures Swiss economists' forecasts for the Swiss economy in the next six months, rose for the second time in a row to 32 points, its second highest since January 2014.

The survey showed 36 percent of respondents expected further improvement and 60 percent did not see any change in the economic situation in Switzerland over the next six months.

The current situation of the Swiss economy was positively assessed by 48% of respondents, the highest since July 2014.

In addition, the report said that financial analysts expect an additional decline in the value of the Swiss franc against the euro and the US dollar and the increase in stock prices in Switzerland. The survey was conducted between October 9 and 19.

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