The consumer sentiment index in Switzerland rose to -7.1 in the second quarter of 2021, from a revised -14.2 in the previous three-month period, returning to the pre-crisis level of early 2020 and moving closer to its long-term average of -5 points. Households’ expectations regarding general economic development hit their highest level since 2018, indicating that consumers expect the economic recovery following the crisis-plagued year of 2020 to continue over the coming twelve months; while the likelihood of households making major purchases has also risen. The assessment of the labor market was also more positive than in previous quarters, but it remained considerably more negative than before the outbreak of the crisis. In the wake of rising inflation rates, price developments weighed on purchasing power and the budget situation of households continued to be assessed cautiously. source: State Secretariat for Economic Affairs
Consumer Confidence in Switzerland averaged -5.32 points from 1972 until 2021, reaching an all time high of 20 points in the fourth quarter of 1972 and a record low of -39.60 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 July of 2021.
Consumer Confidence in Switzerland is expected to be 1.50 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 2.50 in 12 months time. In the long-term, the Switzerland Consumer Confidence is projected to trend around 1.00 points in 2022, according to our econometric models.