Switzerland Consumer Confidence

Switzerland

Switzerland: Swiss consumers' sentiment deteriorates in Q3

August 6, 2015

Consumer sentiment among Swiss households deteriorated in the May-July period. According to the State Secretariat for Economic Affairs (SECO), the consumer confidence indicator tallied minus 19 points, which was a significant deterioration over the minus 6 points tallied in the February-April period. As a result, the index dropped further below the 0-point threshold that separates optimistic consumers from those who are pessimistic.

According to SECO, Q3’s result came on the back of a broad-based deterioration. Consumers’ expectations regarding future economic developments slipped from minus 8 points in Q2 to minus 25 points in Q3. In addition, households were less optimistic about their future financial situation compared to the previous quarter. Moreover, consumers expected a subdued development in prices over the next year, although less pronouncedly than in the second quarter.

Panelists polled by FocusEconomics expect private consumption to expand 1.2% in 2015, which is down 0.1 percentage points from last month’s projection. For 2016, the panel expects private consumption to increase 1.8%.


Author:, Senior Economist

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Switzerland Consumer Confidence Chart


Switzerland Consumer Confidence Q3 2015

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


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