The SECO consumer confidence for Switzerland fell to -18 in the second quarter of 2022, the lowest in one year, from a revised 3 in the previous period. Consumers’ sentiment strongly deteriorated for the future general economic situation (-29.4 vs 21.9 in Q1), while pessimism increased for future financial situation (-23.8 vs -1.5), mainly due to a surge in consumer prices due to the war in Ukraine. At the same time, fewer consumers are willing to make major purchases (-31.9 vs -19.7). source: State Secretariat for Economic Affairs

Consumer Confidence in Switzerland averaged -9.47 points from 1972 until 2022, reaching an all time high of 22.40 points in the third quarter of 2000 and a record low of -56.40 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 July of 2022.

Consumer Confidence in Switzerland is expected to be -6.40 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 1.30 points in 2023 and 1.00 points in 2024, according to our econometric models.

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Switzerland Consumer Confidence



Calendar GMT Actual Previous Consensus TEForecast
2022-02-01 08:00 AM Q1 -3.6 3.5 4.5
2022-05-02 07:00 AM Q2 -18 3 -6.4
2022-08-02 07:00 AM Q3 -18


Related Last Previous Unit Reference
Consumer Confidence -18.50 3.20 points Jun 2022
Consumer Spending 94105.50 93831.10 CHF Million Mar 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-18.50 3.20 22.40 -56.40 1972 - 2022 points Quarterly
SA

News Stream
Swiss Consumers Turn Pessimistic
The SECO consumer confidence for Switzerland fell to -18 in the second quarter of 2022, the lowest in one year, from a revised 3 in the previous period. Consumers’ sentiment strongly deteriorated for the future general economic situation (-29.4 vs 21.9 in Q1), while pessimism increased for future financial situation (-23.8 vs -1.5), mainly due to a surge in consumer prices due to the war in Ukraine. At the same time, fewer consumers are willing to make major purchases (-31.9 vs -19.7).
2022-05-02
Swiss Consumers Turn Pessimistic
The SECO consumer confidence for Switzerland fell to -3.6 in the first three months of 2022, the lowest in three quarters, from a downwardly revised 3.5 in the previous period. Consumers were less optimistic regarding the future economic situation (21 vs 43.4) and turned more pessimistic regarding the future financial situation (-3.2 vs -0.8), mainly due to the surge in consumer prices which hurts the purchasing power of Swiss households. At the same time, consumers are less willing to do big purchases (-22.7 vs -18.5).
2022-02-01
Swiss Consumer Morale Weakens in Q4
The consumer confidence indicator in Switzerland fell to 3.8 in the fourth quarter of 2021 from a downwardly revised 7.7 in the previous period but well above the long-run average of -5. Consumers remained broadly optimistic about the economic situation (44.1 vs 48.4 in Q3), but both the past (-10.1 vs -7.9) and the expected financial situation (-0.7 vs 2.6) of households were rated as less positive. Also, the willingness to make major purchases decreased markedly (-18.2 vs -12.4). This is due to the development of consumer prices, which is a burden on household budgets: the sub-indices for past and expected price developments are at their highest level since 2008.
2021-11-04