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Swiss ZEW economic expectations increase to 2.5 in August

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Investing.com -

Investing.com - Economic sentiment in Switzerland increased more than expected in August, one month after hitting an 18-month low, industry data showed on Wednesday.

In a report, the Centre for European Economic Research (ZEW) said its indicator of economic sentiment rose by 2.4 points to a reading of 2.5 this month from a reading of 0.1 in July. Analysts had expected the index to fall to -1.0 in August.

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 lower against the U.S. dollar, with USD/CHF rising 0.2% to trade at 0.9094.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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