Investing.com - Economic sentiment in Switzerland deteriorated
to an 11-month low in June, industry data showed on Wednesday.
In a report, the Centre for European Economic Research (ZEW)
said its indicator of economic sentiment declined by 2.6 points to
a reading of 4.8 this month from a reading of 7.4 in May. Analysts
had expected the index to increase to 10.0 in June.
A reading above 0.0 on the indicator indicates optimism, while a
score below 0.0 indicates pessimism.
The indicator reflects the expectations of the surveyed
financial market experts regarding the economic development in
Switzerland on a six-month time horizon.
Following the release of the data, the Swiss franc was higher
against the U.S. dollar, with USD/CHF shedding 0.04% to trade at
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