Switzerland Consumer Confidence Q4 2020

Switzerland

Switzerland: Consumer confidence ticks down slightly in October

November 5, 2020

Consumer confidence came in at minus 13 in October, down from July’s minus 12 reading but significantly above the minus 39 recorded in April at the height of the lockdown. Sentiment was markedly weaker than the long-term average of minus 5. While expectations regarding the general economic situation improved somewhat in October from July, expectations regarding personal financial situations worsened. Sentiment regarding the labor market was extremely weak at close to its historic low. In short, consumers remain wary as the Covid-19 pandemic rumbles on.

FocusEconomics Consensus Forecast panelists expect private consumption to rise 4.3% in 2021, which is up 0.5 percentage points from last month’s forecast, and to grow 2.5% in 2022.


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Switzerland Consumer Confidence Q4  20 20

Note: Consumer confidence Indicator
Source: State Secretariat for Economic Affairs (SECO).


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