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.
Author: Dirina Mançellari, Senior Economist