Investor confidence in Switzerland increased in September. Germany-based ZEW Center for European Economic Research and Credit Suisse Group based in Zurich revealed investor and analyst expectations rose to 16.3 points this month. Last month, the index was at 7.2 points. The rise was the highest the country had obtained since April.

The improving investor sentiment came as recession was lifted in the Euro zone in the second quarter. The region is Switzerland's biggest trading partner. Maxime Botteron of Credit Suisse and Lena Jaroszek the ZEW said the progress was in line with improving economic growth expectations in Europe. "While the analysts remain predominantly cautious, their assessment of the current economic situation in the Euro zone has improved markedly," they added.

The survey was conducted by the Credit Suisse and ZEW from August 30 to September 13 among 43 analysts. The respondents also believed that the exchange rate of the EUR-CHF to stay stable in the next six months.