Switzerland Consumer Confidence

Last Release

Aug 31, 2024

Actual

-34.6

Units In

Points

-32.4

Frequency

Quarterly

Next Release

Oct 11, 2024

Time to Release

1 Months 0 Days 19 Hours

Highest	Lowest	Average	Date Range	Source
20 Dec 1972	-46.53 Dec 2022	-7.3 Points	1972-2024	State Secretariat for Economic Affairs

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.

Latest Updates

The consumer confidence indicator in Switzerland fell by 2.2 points to -34.6 in August 2024, down from -32.4 in the previous month and worse than market forecasts of -33. The decline signals increased pessimism among households, as reflected in worsening perceptions of expected economic development (-22 compared to -16 in July) and a significant decline in savings capacity (-8.5 versus -1.3). Consumers were also more hesitant to make large purchases (-32.3 compared to -30.1). In contrast, the sub-index for price developments over the next 12 months remained steady at 97, while expectations for personal financial situations held at -31.3. On a brighter note, concerns about job security eased slightly (-21.8 versus -23.3).