The Swiss consumer confidence index rose to -4 in the first quarter of 2019 from -6 in the previous period and slightly above market expectations of -5. Consumers' views on anticipated unemployment fell significantly (31.6 vs 38.3 in Q4), and their expectations regarding their own budget improved sharply (-1.1 vs -4.0). In addition, households were much more confident that they will be able to save money (21.3 vs 9.3). However, the assessment of the economy in general has deteriorated (-4.6 vs 8.8), as consumers expect the growth slowdown to continue. Consumer Confidence in Switzerland averaged -9.05 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 -4.00 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 -2.00 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.