In an international comparison, Swiss firms are much more pessimistic about the third quarter of 2025. Fears about customs duties, global uncertainties, a slowdown in trade and declining sales are depressing sentiment. The Global Business Optimism Index, compiled by business information service Dun & Bradstreet (D&B), fell by a significant 18% in Switzerland in the third quarter of 2025 compared to the previous quarter, according to a press release on Wednesday. +Get the most important news from Switzerland in your inbox Sentiment in Switzerland thus deteriorated significantly more than the global average, where the decline was only 6%. Only in France (-20%) and Brazil (-19%) was the decline bigger. Overall, the negative trend of the previous two quarters continued. The downturn was particularly marked in the subindex for supply chain stability, which fell by 20%. Globally, the index also fell significantly by 10%, albeit to a lesser extent than in Switzerland. In particular, “weak ...