In the February-April period, the consumer confidence indicator published by the State Secretariat for Economic Affairs (SECO) rose to minus 8 points from minus 19 points recorded in the three-month period to January and overshot market expectations that had the index improving to minus 15 points. The reading represents the highest level seen in one year. Despite the improvement, the index remains below the 0-point threshold, which indicates that pessimists outnumber optimists. According to SECO, the survey conducted between February and April showed that consumers were more optimistic about the general economic situation in the next 12 months. In addition, consumers showed more optimism regarding future developments in the labour market in the year ahead. Meanwhile, future developments in consumers' personal financial position for the next 12 months remained virtually unchanged over the previous month.
Switzerland Consumer Confidence
Consumer confidence improves in second quarter
May 21, 2012
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Switzerland Economic News
October 6, 2016
In September, consumer prices increased 0.1% from the previous month, just under market expectations of 0.2%, in a timid rebound from August’s 0.1% decrease.
October 3, 2016
In August, retail sales contracted a seasonally- and working-day adjusted 3.0% over the same month last year.
October 3, 2016
In September, the manufacturing Purchasing Managers’ Index (PMI) produced by Credit Suisse and procure.ch came in at 53.2 points, beating August’s 51.0 points.
September 30, 2016
Switzerland’s KOF economic barometer—a leading composite indicator for the Swiss economy forecasting a six-month period—edged up from 99.7 points in August to 101.3 points in September.
September 15, 2016
At its 15 September meeting, the Swiss National Bank (SNB) decided to maintain the target range for the three-month Libor at between minus 1.25% and minus 0.25%, which met market expectations.