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.

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Switzerland Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
7.80 -6.50 20.00 -39.60 1972 - 2021 points Quarterly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-05 06:45 AM Q4 -12.8 -12 -8 -17
2021-02-04 08:00 AM Q1 -14.6 -13.0 -17
2021-05-04 07:00 AM Q2 -7.1 -14.2 1.5
2021-08-03 07:00 AM Q3 7.8 -6.5 6
2021-11-04 08:00 AM Q4 7.8 4.5


News Stream
Swiss Consumer Confidence Strongest since 2010
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.
2021-08-03
Swiss Consumer Morale Back to Pre-Pandemic Level
The consumer sentiment index in Switzerland rose to -7.1 in the second quarter of 2021, from a revised -14.2 in the previous three-month period, returning to the pre-crisis level of early 2020 and moving closer to its long-term average of -5 points. Households’ expectations regarding general economic development hit their highest level since 2018, indicating that consumers expect the economic recovery following the crisis-plagued year of 2020 to continue over the coming twelve months; while the likelihood of households making major purchases has also risen. The assessment of the labor market was also more positive than in previous quarters, but it remained considerably more negative than before the outbreak of the crisis. In the wake of rising inflation rates, price developments weighed on purchasing power and the budget situation of households continued to be assessed cautiously.
2021-05-04
Switzerland Consumer Morale Deteriorates Further
The Swiss consumer confidence index decreased to -14.6 in the first quarter of 2021 from an upwardly revised -13 in the previous period. Expectations regarding general economic development were more pessimistic, with the relevant sub-index declining to -19. This is in line with consumers’ enduring negative assessment of the labour market; the index on the expected development of unemployment rose slightly while the respondents’ assessment of job security remains at a similar negative level to the previous survey. While the index on the financial situation in the last twelve months has increased somewhat (-12), the surveyed households’ expectations regarding their own financial situation has once again decreased slightly (-7). Hence, the likelihood of consumers making major purchases also remains below average, with the relevant sub-index standing at –20 points.
2021-02-04
Switzerland Consumer Morale Weakens
The Swiss consumer confidence index declined to -12.8 in the fourth quarter of 2020 from -12 in the previous quarter and worse than market expectations of -8. The gauge measuring expected financial situation deteriorated (-6.6 vs -4.2 in Q3), amid the coronavirus pandemic. Also, expectations regarding the development of the labor market and job security more negative, while the likelihood of making major purchases remained well below average. Meantime, expectations regarding general economic development improved slightly, with the relevant sub-index increasing to -14.1 from -16.7 in the third quarter.
2020-11-05

Switzerland Consumer Confidence
In Switzerland, the consumer confidence survey is conducted every year, in the months of January, April, July and October. Around 1000 households are questioned for State Secretariat for Economic Affairs regarding their subjective evaluation of the economic situation, financial situation of the household in question, inflation, job security etc. Generally consumer confidence is high when the unemployment rate is low and GDP growth is high. Measures of average consumer confidence can be useful indicators of how much consumers are likely to spend.