Switzerland Consumer Confidence Q2 2017

Switzerland

Switzerland: Swiss consumer sentiment close to long-term average in Q2

May 4, 2017

Consumer sentiment among Swiss households moderated in the February-April period, edging down from minus 3 points to minus 8 points. The index is thus close to its long-term average of minus 9 points, according to the State Secretariat for Economic Affairs (SECO) and below the threshold of 0 points separating pessimistic from optimistic sentiment.

According to SECO, consumers were less optimistic about the state of the economy and but still see it improving going forward. Moreover, households’ assessment of their financial situations moderated and they are reluctant to undertake big-ticket purchases. Political uncertainty is likely responsible for hampering sentiment, as potential protectionist trade policies in Europe and the U.S. could weigh on activity in the export-oriented country.

Panelists polled by FocusEconomics expect private consumption to expand 1.2% in 2017, which is unchanged from last month’s projection. For 2018, the panel expects private consumption to increase 1.4%.


Author: Marlène Rump, Senior Data Analyst

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Switzerland Consumer Confidence Q2 2017

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


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