Switzerland Consumer Confidence Q4 2016


Switzerland: Consumers are slightly less pessimistic going into Q4

November 3, 2016

Consumer sentiment among Swiss households improved ahead of the fourth quarter, though it remained firmly pessimistic. The result was in line with market expectations. According to the State Secretariat for Economic Affairs (SECO), the consumer confidence indicator recorded minus 13 points in the August-October period, which was above the minus 15 points registered in the May-July period. Despite the slight improvement, the reading remains firmly entrenched below the 0-point threshold that separates optimistic from pessimistic consumers.

According to SECO, consumers’ view of price levels improved in Q4 from the previous quarter and prices are expected to increase over the next twelve months, reflecting that Swiss consumers are taking into consideration the gradual economic recovery. In fact, consumers’ outlook for the coming twelve months brightened remarkably. Their assessment of the current situation was also better than in August’s survey. On the contrary, the participants indicated heightened insecurity about their jobs.

Panelists polled by FocusEconomics expect private consumption to expand 1.0% in 2016, which is down 0.2 percentage points from last month’s projection. For 2017, the panel expects private consumption to increase 1.3%, which is unchanged from last month’s estimate.

Author: Marlène Rump, Senior Data Analyst

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Switzerland Consumer Confidence Chart

Switzerland Consumer Confidence Q4 2016

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

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