The Swiss consumer confidence index declined unexpectedly to -6 in the second quarter of 2019 from -4 in the previous period and missing market expectations of -3. Consumers' views regarding their own financial situation deteriorated sharply (-4.7 vs -1.1 in Q1) and their expectations on ability to save money were much less positive (12.4 vs 21.3). Meanwhile, households' assessment on the economy in general improved (-2.6 vs -4.6) and that on anticipated unemployment fell slightly (30.7 vs 31.6). The long-term average of the index is -9. Consumer Confidence in Switzerland averaged -9.03 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 -2.00 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 -3.00 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
2018-08-02 05:45 AM Consumer Confidence -7 2 2 7
2018-11-01 06:45 AM Consumer Confidence -6 -7 -8 1
2019-02-01 06:45 AM Consumer Confidence -4 -6 -5 -8
2019-05-03 05:45 AM Consumer Confidence -6 -4 -3 -2
2019-08-05 05:45 AM Consumer Confidence -6 -6
2019-11-04 06:45 AM Consumer Confidence -2


Switzerland Consumer Last Previous Highest Lowest Unit
Consumer Confidence -6.00 -4.00 22.00 -51.00 Index Points [+]
Retail Sales MoM 0.20 0.00 4.60 -4.30 percent [+]
Retail Sales YoY -0.70 -0.70 6.80 -4.20 percent [+]
Consumer Spending 93430.10 93012.80 93430.10 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 878022.00 875566.00 878022.00 158152.00 CHF Million [+]
Gasoline Prices 1.64 1.60 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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-6.00 -4.00 22.00 -51.00 1972 - 2019 Index Points Quarterly
NSA




Country Last Previous
Argentina 36.50 May/19
Australia 100.70 Jun/19
Brazil 48.40 Mar/19
Canada 56.76 Jun/19
China 125.30 Apr/19
Euro Area -6.50 May/19
France 99.00 May/19
Germany 10.10 Jun/19
India 105.00 Jun/19
Indonesia 128.20 May/19
Italy 111.80 May/19
Japan 39.40 May/19
Mexico 110.00 May/19
Netherlands -3.00 May/19
Russia -16.00 Mar/19
Saudi Arabia 112.00 Mar/19
South Africa 5.00 Jun/19
South Korea 97.90 May/19
Spain 96.90 May/19
Switzerland -6.00 Jun/19
Turkey 55.30 May/19
United Kingdom -10.00 May/19
United States 97.90 Jun/19


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