Switzerland Consumer Confidence Q1 2016

Switzerland

Switzerland: Swiss consumers' sentiment improves slightly in Q1

February 8, 2016

Consumer sentiment among Swiss households improved slightly in the November–January period. According to the State Secretariat for Economic Affairs (SECO), the consumer confidence indicator tallied minus 14 points, which was up from the minus 18 points tallied in the August-October period. As a result, the index is now slightly closer to the 0-point threshold that separates optimistic consumers from those who are pessimistic.

According to SECO, in Q1, households’ expectations regarding their personal financial situations improved over the previous quarter. The assessment of the development of the economy over the past year was broadly stable compared to the fourth quarter while households’ willingness to make major purchases improved considerably over the previous quarter.

Panelists polled by FocusEconomics expect private consumption to expand 1.3% in 2016, which is down 0.1 percentage points from last month’s projection. For 2017, the panel expects private consumption to increase 1.6%.


Author:, Senior Economist

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Switzerland Consumer Confidence Chart


Switzerland Consumer Confidence Q1 2016

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


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