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.”
Author: Dirina Mançellari, Senior Economist