The Swiss consumer confidence index rose to -4 in the first quarter of 2019 from -6 in the previous period and slightly above market expectations of -5. Consumers' views on anticipated unemployment fell significantly (31.6 vs 38.3 in Q4), and their expectations regarding their own budget improved sharply (-1.1 vs -4.0). In addition, households were much more confident that they will be able to save money (21.3 vs 9.3). However, the assessment of the economy in general has deteriorated (-4.6 vs 8.8), as consumers expect the growth slowdown to continue. Consumer Confidence in Switzerland averaged -9.05 Index Points from 1972 until 2019, reaching an all time high of 22 Index Points in the first quarter of 2000 and a record low of -51 Index Points in the first quarter of 1991.
Consumer Confidence in Switzerland is expected to be 5.00 Index 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 7.00 in 12 months time. In the long-term, the Switzerland Consumer Confidence is projected to trend around 5.00 Index Points in 2020, according to our econometric models.