- Prior was +10.0
Swiss investor confidence strengthened again in August, with the UBS Investor Sentiment Index rising to +12.1 from +10.0 in July, signalling growing optimism about the outlook for the Swiss economy and financial markets. This marks the second consecutive month in positive territory following a sharp recovery from June’s negative reading.
Investors have turned more positive on Switzerland’s economic prospects despite the US-Iran war and elevated oil prices. Nevertheless, the data won’t change anything for the SNB, as the central bank is expected to keep monetary policy unchanged at least until the second half of 2027.
This article was written by Giuseppe Dellamotta at investinglive.com.