In Switzerland, the Economic Sentiment Index gauges the level of optimism among financial and economic analysts about expected economic developments over the next six months. The index is calculated as the difference between the percentage of optimistic and pessimistic analysts, with a range from -100 to 100. Higher readings indicate greater confidence, which can provide insight into future economic activity.
A higher than expected figure should be seen as positive (bullish) for the CHF while a lower than expected figure should be seen as negative (bearish) for the CHF.