Switzerland Consumer Confidence

Switzerland

Switzerland: Swiss consumers' sentiment improves slightly in Q4

November 6, 2015

Consumer sentiment among Swiss households improved slightly in the August–October period. According to the State Secretariat for Economic Affairs (SECO), the consumer confidence indicator tallied minus 18 points, which was slightly up from the minus 19 points tallied in the May–June 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 Q4, household expectations regarding the future economic prospects improved over the previous quarter. Moreover, the assessment of the development of the economy over the past year improved slightly in the fourth quarter. However, the sub-index related to the development of unemployment increased, thus indicating a deterioration of labor market expectations.

Panelists polled by FocusEconomics expect private consumption to expand 1.3% in 2015, which is down 0.1 percentage points from last month’s projection. For 2016, the panel expects private consumption to increase 1.6%, which is also down 0.1 percentage points from last month’s estimate.


Author:, Senior Economist

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Switzerland Consumer Confidence Chart


Switzerland Consumer Confidence Q4 2015

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


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