The consumer confidence indicator in Switzerland increased to 7.8 in the third quarter of 2021 from an upwardly revised -6.5 in the previous period. It is the highest reading since 2010 and well above the long-run average of -5. Expectations improved sharply for the economic situation (a record of 48.5 vs 5.2) and financial situation (2.6 vs -6). There were also stronger expectations of an improvement in unemployment figures, with the index (29 points) now slightly below the pre-crisis level. At the same time, price developments are weighing on household budgets. In the wake of rising inflation rates, households perceive a rise in both past and future price developments. Consumer willingness thus remains restrained. In July consumers were only slightly more confident about making major purchases than three months previously. source: State Secretariat for Economic Affairs
Consumer Confidence in Switzerland averaged -5.25 points from 1972 until 2021, reaching an all time high of 20 points in the fourth quarter of 1972 and a record low of -39.60 points in the second quarter of 2020. This page provides - Switzerland Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Switzerland Consumer Confidence - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Consumer Confidence in Switzerland is expected to be 6.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Switzerland Consumer Confidence is projected to trend around 1.00 points in 2022, according to our econometric models.