FX.co ★ Swiss ZEW Expectations Swing Back to Optimism in February

Switzerland’s economic sentiment turned decisively positive in February, as the ZEW Expectations indicator climbed to 9.8 from a negative -4.7 in January 2026. The move marks a clear shift in outlook among financial market experts, who now expect improving conditions ahead for the Swiss economy.

The February 2026 reading, released on 25 February, breaks the pessimistic streak seen at the start of the year and suggests renewed confidence in Switzerland’s growth prospects. While the indicator is only modestly above zero, the jump of more than 14 points within a month signals that expectations are no longer tilted toward deterioration and are instead pointing to cautious optimism.