FX.co ★ Swiss ZEW Expectations Index Plunges Into Deep Negative Territory in March

Investor sentiment in Switzerland deteriorated sharply in March, as the ZEW Expectations Index tumbled to -35.0, down from 9.8 in February 2026. The latest reading, updated on 25 March 2026, marks a decisive swing from mildly optimistic territory into a strongly pessimistic outlook.

The abrupt shift suggests that financial market experts now expect a significantly weaker economic trajectory for Switzerland compared with just a month earlier. While the February figure of 9.8 pointed to cautious confidence about future conditions, the March collapse into negative territory indicates rising concern over the country’s medium‑term economic prospects.

This reversal in sentiment may signal increasing apprehension among analysts about growth momentum, external demand, or broader macroeconomic risks affecting Switzerland’s outlook in the coming months.