FX.co ★ Swiss Investor Sentiment Improves in October

The Swiss investors' sentiment index experienced a significant increase of 38.7 points compared to the previous month, reaching -7.7 in October 2025. UBS reports that this jump represents one of the most substantial increases ever recorded for the index, rivaling those seen after the global financial crisis and during the COVID-19 pandemic. Nonetheless, sentiment is still negatively affected by the United States' decision to impose 39% tariffs on Swiss exports in August, as the US accounts for approximately 17% of Switzerland's total export market, marking it as the largest destination for Swiss exports. Concurrently, the current conditions index settled at a neutral position of 0, a decrease from 3.6 in the prior month, indicating a lukewarm perception of the current economic climate.