FX.co ★ Swiss Investor Sentiment Turns Less Negative in May

Swiss investor sentiment improved to -11.1 in May 2026, up from -30.3 in May 2025, according to the UBS & CFA Society Switzerland survey. The index rose by 19.2 points over the month, indicating a less pessimistic outlook than in previous readings, though it still remains in negative territory. Around 75% of analysts now expect Switzerland’s economic conditions to remain unchanged over the next six months. UBS noted that inflation expectations remain elevated, particularly outside Switzerland, despite the more stable domestic environment. The current conditions index stood at +9.1 in May, while the expectations component came in at -2.8.