The Swiss consumer confidence index surged to -12 in the third quarter of 2020 from an all-time low of -39.3 in the previous quarter. Expectations regarding general economic development have improved substantially, with the relevant sub-index increasing to -16.7 from a record low of -78.3, in the wake of the relaxation of the measures to contain the coronavirus. The gauge measuring expected financial situation also improved (-4.1 vs -23.6 in Q2). By contrast, expectations regarding the development of the labor market and job security remain very negative, while the likelihood of making major purchases stood well below average. source: State Secretariat for Economic Affairs

Consumer Confidence in Switzerland averaged -5.22 points from 1972 until 2020, reaching an all time high of 20 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 October of 2020.

Consumer Confidence in Switzerland is expected to be -16.00 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 -10.00 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
-12.00 -39.30 20.00 -39.30 1972 - 2020 points Quarterly
SA


Calendar GMT Actual Previous Consensus TEForecast
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 -12 -39.3 -16
2020-11-05 06:45 AM Consumer Confidence Q4 -12 -17


News Stream
Swiss Consumer Morale Improves from Record Low
The Swiss consumer confidence index surged to -12 in the third quarter of 2020 from an all-time low of -39.3 in the previous quarter. Expectations regarding general economic development have improved substantially, with the relevant sub-index increasing to -16.7 from a record low of -78.3, in the wake of the relaxation of the measures to contain the coronavirus. The gauge measuring expected financial situation also improved (-4.1 vs -23.6 in Q2). By contrast, expectations regarding the development of the labor market and job security remain very negative, while the likelihood of making major purchases stood well below average.
2020-08-04
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

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.