Switzerland Consumer Confidence

Switzerland

Switzerland: Swiss consumers' sentiment improves

February 5, 2015

Consumer sentiment among Swiss households improved in the November-January period. According to the State Secretariat for Economic Affairs (SECO), the consumer confidence indicator rose from minus 11 points in the August-October period to minus 6 points in the November-January period. The improvement came as a surprise because the markets expected the index to fall to minus 13 points. As a result, the index is now closer to the 0-point threshold that separates optimistic consumers from pessimistic.

According to SECO, Q1’s result was partially influenced by the Swiss franc appreciation, because less than one quarter of the interviews were carried out after 15 January—the day when the Swiss National Bank decided to remove the euro-franc cap. As a result, SECO added that, “large differences of the answers between the two sub-periods (before and from 15 January onwards) can be observed in particular in the expectations concerning future economic activity and future price developments.”

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

Sample Report

Looking for forecasts related to Consumer Confidence in Switzerland? Download a sample report now.

Download

Switzerland Consumer Confidence Chart


Switzerland Consumer Confidence Q1 2015

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


Switzerland Economic News

More news

Search form