Switzerland Consumer Confidence

Switzerland

Switzerland: Swiss consumers' sentiment stable in Q2

May 7, 2015

Consumer sentiment among Swiss households was stable in the February-April period. According to the State Secretariat for Economic Affairs (SECO), the consumer confidence indicator tallied minus 6 points, which matched the figure seen in the November-January period. As a result, the index remains below the 0-point threshold that separates optimistic consumers from those who are pessimistic.

According to SECO, Q2’s result came on the back of unchanged expectations concerning future economic prospects. In addition, the expectations regarding unemployment trends were almost identical compared to the previous quarter. Nevertheless, SECO added that, “the assessment of previous economic trends (past twelve months) was lowered considerably. [In addition], the current period was assessed as being more favorable for making major purchases.”

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 Q2 2015

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


Switzerland Economic News

More news

Search form