The Swiss consumer confidence index was revised slightly higher to -39.3 in the second quarter of 2020, compared to a preliminary estimate of -40.0, still the lowest on record. Households' expectations regarding general economic development have deteriorated severely, with the relevant sub-index declining to a record low of -78.3. The sub-index on expected financial situation also declined to -23.6, with similar values so far only being observed in the early 1990s. Finally, the question about whether now is a good time to make major purchases has received a more negative response than ever before.

Consumer Confidence in Switzerland averaged -5.19 points from 1972 until 2020, reaching an all time high of 19.90 points in the fourth quarter of 1972 and a record low of -39.30 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 June of 2020.

Consumer Confidence in Switzerland is expected to be -40.00 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 -12.00 in 12 months time. In the long-term, the Switzerland Consumer Confidence is projected to trend around -8.00 points in 2021 and -6.00 points in 2022, according to our econometric models.

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Switzerland Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-39.30 -9.40 19.90 -39.30 1972 - 2020 points Quarterly
SA


Calendar GMT Actual Previous Consensus TEForecast
2019-11-04 06:45 AM Consumer Confidence Q4 -10.4 -8 -10
2020-02-05 06:45 AM Consumer Confidence Q1 -9.4 -10.3 -6
2020-04-15 09:30 AM Consumer Confidence Q2 -40 -9.4 -21
2020-05-05 05:45 AM Consumer Confidence Final Q2 -39.3 -9.4 -40
2020-08-04 05:45 AM Consumer Confidence Q3 -39.3 -20
2020-11-05 06:45 AM Consumer Confidence Q4 -14


News Stream
Swiss Consumer Morale Weakest on Record
The Swiss consumer confidence index was revised slightly higher to -39.3 in the second quarter of 2020, compared to a preliminary estimate of -40.0, still the lowest on record. Households' expectations regarding general economic development have deteriorated severely, with the relevant sub-index declining to a record low of -78.3. The sub-index on expected financial situation also declined to -23.6, with similar values so far only being observed in the early 1990s. Finally, the question about whether now is a good time to make major purchases has received a more negative response than ever before.
2020-05-05
Swiss Consumer Morale at Record Low
The Swiss consumer confidence index tumbled to a record low of -40.0 in the second quarter of 2020, a preliminary estimate showed, as households' expectations regarding general economic development have deteriorated severely, with the relevant sub-index declining to a record low of -83.6. The sub-index on expected financial situation also declined to -24.3, with similar values so far only being observed in the early 1990s. Finally, the question about whether now is a good time to make major purchases has received a more negative response than ever before.
2020-04-15
Swiss Consumer Morale Improves in Q1
The Swiss consumer confidence index increased to -9.4 in the first quarter of 2020 from an upwardly revised -10.3 in the previous period. Expectations regarding general economic situation strengthened sharply (-7 vs -19 in Q4) and the index on anticipated unemployment dropped significantly (33 vs 48). Meantime, there was a deterioration in the assessment of both past financial situation (-14 vs -11) and expected financial situation (-8 vs -3). At the same time, the likelihood of making major purchases was unchanged.
2020-02-05
Swiss Consumer Sentiment Weakest in Over A Decade
The Swiss consumer confidence index dropped to -10.4 in the fourth quarter of 2019 from -8 in the previous period, the lowest level since the third quarter of 2009. Expectations regarding general economic situation deteriorated sharply to the weakest in more than three years (-19.6 vs -0.9 in Q3), and the index on anticipated unemployment rose to its highest in over two years (48.4 vs 38.6). In contrast, the assessment of the past financial situation continued its positive development of recent quarters (-10.9 vs -12.9) and expectations regarding the anticipated financial situation also improved (-2.8 vs -7.6). In line with these figures, the likelihood of making major purchases has largely remained stable (-8.4 vs -10.8).
2019-11-04

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.