Switzerland Consumer Mood Below Forecast

Switzerland's consumer confidence index edged up to -36 in September 2026 from -37 in the same month a year earlier, pointing to an improvement in household confidence but coming in below market expectations of -31. The improvement was driven by a more positive economic outlook, with the corresponding index rising to -43 from -53. However, this was partly offset by a deterioration in the financial outlook, which fell to -31 from -28 in September last year. Meanwhile, sentiment regarding the past financial situation weakened slightly to -42 from -40. The index measuring whether it was a good time to make major purchases also declined to -27 from -25, suggesting households remained cautious about discretionary spending. The overall reading weakened from the previous month, when the index stood at -33.

Switzerland's consumer confidence index rose to -33 in August 2026 from -40 in the same month a year earlier, pointing to an improvement in household confidence but remaining slightly below market expectations of -32. This marked the least negative reading since February, with the biggest improvement coming from the economic outlook, as the corresponding index rose to -36 from -66 in August last year. Meanwhile, sentiment around the past financial situation improved modestly to -39 from -40, while the financial outlook weakened slightly to -30 from -29. The index measuring whether it was a good time to make major purchases also declined to -26 from -24, suggesting households remained cautious about discretionary spending. The overall reading also improved from the previous month, when the index stood at -35.

Switzerland’s consumer confidence index fell to -35 in July 2026, down from -33 a year earlier and below market expectations of -34, signaling a continued deterioration in household sentiment. Consumers became more pessimistic about their past financial situation, with the corresponding index falling to -44 from -41, while expectations for their future financial position declined to -32 from -28. Sentiment toward making major purchases also weakened significantly, dropping to -55 from -51, suggesting that households remain cautious about discretionary spending. Meanwhile, perceptions of the broader economic outlook were broadly stable, edging down only slightly to -37 from -36 a year earlier. Despite the annual deterioration, confidence improved modestly from June, when the index stood at -36.