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.