In the August-October period, the consumer confidence indicator published by the State Secretariat for Economic Affairs (SECO) remained unchanged at minus 17 points, which contrasted market expectations that had the index deteriorating to minus 21 points. Consequently, the index remains below the 0-point threshold, which indicates that pessimists outnumber optimists. According to SECO, consumers were more pessimistic regarding their employment prospects in the next 12 months. On the other hand, households expect their savings possibilities to improve in the months ahead. In addition, consumers' perception of the future economic developments as well as their personal financial situation remained broadly unchanged over the May-July period.
Switzerland Consumer Confidence
Consumer confidence stabilizes in the fourth quarter
November 6, 2012
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Switzerland Consumer Confidence Chart
Note: Consumer Confidence Indicator.
Source: State Secretariat for Economic Affairs (SECO).
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.