The Swiss consumer confidence index surged to -12 in the third quarter of 2020 from an all-time low of -39.3 in the previous quarter. Expectations regarding general economic development have improved substantially, with the relevant sub-index increasing to -16.7 from a record low of -78.3, in the wake of the relaxation of the measures to contain the coronavirus. The gauge measuring expected financial situation also improved (-4.1 vs -23.6 in Q2). By contrast, expectations regarding the development of the labor market and job security remain very negative, while the likelihood of making major purchases stood well below average.
Consumer Confidence in Switzerland averaged -5.22 points from 1972 until 2020, reaching an all time high of 20 points in the fourth quarter of 1972 and a record low of -39.30 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 2020.
Consumer Confidence in Switzerland is expected to be -16.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Switzerland to stand at -10.00 in 12 months time. In the long-term, the Switzerland Consumer Confidence is projected to trend around -8.00 points in 2021 and -6.00 points in 2022, according to our econometric models.