The Swiss consumer confidence index increased to -8 in the third quarter of 2019 from a revised -9.3 in the previous period and in line with market forecasts. The subdued sentiment is due in particular to households’ budget situation, with both the past (-13 points) and anticipated financial situation (-8 points) being assessed as well below average (average: -6 points and +2 points respectively). Therefore, the likelihood of consumers making major purchases has, unsurprisingly, also remained below average (-11 points; average: -6 points). With regard to the labour market, respondents remain confident overall, although anticipated unemployment has worsened. The relevant sub-index has climbed significantly to 39 points from 31 points, but has stayed below average (48 points). Consumer Confidence in Switzerland averaged -4.96 Index Points from 1972 until 2019, reaching an all time high of 19.90 Index Points in the fourth quarter of 1972 and a record low of -36.50 Index Points in the first quarter of 1992.

Consumer Confidence in Switzerland is expected to be -8.00 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 -4.00 in 12 months time. In the long-term, the Switzerland Consumer Confidence is projected to trend around -4.00 Index Points in 2020, according to our econometric models.

Switzerland Consumer Confidence
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-01 06:45 AM Consumer Confidence Q4 -6 -7 -8 1
2019-02-01 06:45 AM Consumer Confidence Q1 -4 -6 -5 -8
2019-05-03 05:45 AM Consumer Confidence Q2 -6 -4 -3 -2
2019-08-05 05:45 AM Consumer Confidence Q3 -8 -9.3 -8 -9
2019-11-04 06:45 AM Consumer Confidence Q4 -8 -10


Switzerland Consumer Last Previous Highest Lowest Unit
Consumer Confidence -8.00 -9.30 19.90 -36.50 Index Points [+]
Retail Sales MoM -0.10 1.20 4.50 -4.30 percent [+]
Retail Sales YoY 1.40 0.70 6.80 -4.20 percent [+]
Consumer Spending 93515.60 93202.00 93515.60 51789.00 CHF Million [+]
Personal Savings 13.50 14.40 14.40 6.50 percent [+]
Households Debt To GDP 128.70 128.70 128.80 102.30 percent of GDP [+]
Households Debt To Income 181.53 180.98 181.53 143.50 percent [+]
Consumer Credit 884577.00 882535.00 884577.00 158152.00 CHF Million [+]
Gasoline Prices 1.69 1.69 2.15 0.78 USD/Liter [+]


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. This page provides - Switzerland Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Switzerland Consumer Confidence - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-8.00 -9.30 19.90 -36.50 1972 - 2019 Index Points Quarterly
SA




Country Last Previous
Argentina 41.90 Aug/19
Australia 98.20 Sep/19
Brazil 47.00 Jun/19
Canada 53.00 Sep/19
China 124.40 Jul/19
Euro Area -6.50 Sep/19
France 102.00 Aug/19
Germany 9.70 Sep/19
India 95.70 Sep/19
Indonesia 123.10 Aug/19
Italy 111.90 Aug/19
Japan 37.10 Aug/19
Mexico 43.40 Aug/19
Netherlands -2.00 Sep/19
Russia -15.00 Jun/19
Saudi Arabia 114.00 Jun/19
South Africa 5.00 Jun/19
South Korea 92.50 Aug/19
Spain 86.00 Aug/19
Switzerland -8.00 Sep/19
Turkey 55.80 Sep/19
United Kingdom -14.00 Aug/19
United States 92.00 Sep/19


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