In May-July period, the consumer confidence indicator published by the State Secretariat for Economic Affairs (SECO) plunged to minus 17 points from minus 8 points registered in the three-month period to April and contrasted market expectations, which had the index improving to minus 5 points. As a result of the fall, the index nosedived below the 0-point threshold, which indicates that pessimists outnumber optimists. According to SECO, the fall revealed that consumers were more pessimistic about the current economic situation and the future economic prospects for the next 12 months. In addition, consumers' perception of their current financial situation deteriorated compared to the previous period, while their personal financial standing for the year ahead fell over the February-April period.
Switzerland Consumer Confidence
Consumer confidence surprisingly drops in third quarter
August 9, 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.