Switzerland's consumer confidence rose to -37.2 in November 2024, improving from -48 in the same month a year earlier and defying expectations of a decline to -38. The economic expectations index increased to -36.2 from -42.2 in November 2023, reflecting a slightly less negative outlook on future economic conditions. Expectations for personal finances also showed improvement, with the index rising to -33.1 compared to -46.5 last year. Additionally, the perception of whether it is a good time to make major purchases improved, with the index at -30.5 from -39.4, signaling a gradual recovery in consumer sentiment. Consumers also reported a better past financial situation, with the index moving up to -49.1 from -63.9. source: State Secretariat for Economic Affairs

Consumer Confidence in Switzerland decreased to -37.20 points in November from -37 points in October of 2024. Consumer Confidence in Switzerland averaged -9.16 points from 1972 until 2024, reaching an all time high of 20.00 points in December of 1972 and a record low of -52.50 points in October of 2023. 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 January of 2025.

Consumer Confidence in Switzerland decreased to -37.20 points in November from -37 points in October of 2024. Consumer Confidence in Switzerland is expected to be -29.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Switzerland Consumer Confidence is projected to trend around -4.00 points in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-11-08 08:00 AM
Consumer Confidence
Oct -37 -33.7 -33 -33
2024-12-09 08:00 AM
Consumer Confidence
Nov -37.2 -37 -38 -35
2025-02-10 08:00 AM
Consumer Confidence
Jan -37.2 -35 -36


Related Last Previous Unit Reference
Consumer Confidence -37.20 -37.00 points Nov 2024
Consumer Spending 98562.60 98036.50 CHF Million Sep 2024
Gasoline Prices 2.15 2.15 USD/Liter Sep 2024
Households Debt to GDP 125.70 126.10 percent of GDP Jun 2024
Personal Savings 14.90 15.50 percent Dec 2023
Retail Sales MoM -0.10 0.10 percent Nov 2024
Retail Sales YoY 0.80 1.50 percent Nov 2024

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.
Actual Previous Highest Lowest Dates Unit Frequency
-37.20 -37.00 20.00 -52.50 1972 - 2024 points Monthly
NSA


News Stream
Swiss Consumer Morale Improves in November
Switzerland's consumer confidence rose to -37.2 in November 2024, improving from -48 in the same month a year earlier and defying expectations of a decline to -38. The economic expectations index increased to -36.2 from -42.2 in November 2023, reflecting a slightly less negative outlook on future economic conditions. Expectations for personal finances also showed improvement, with the index rising to -33.1 compared to -46.5 last year. Additionally, the perception of whether it is a good time to make major purchases improved, with the index at -30.5 from -39.4, signaling a gradual recovery in consumer sentiment. Consumers also reported a better past financial situation, with the index moving up to -49.1 from -63.9.
2024-12-09
Swiss Consumer Morale Worse than Expected
Switzerland's consumer confidence index improved to -37 in October 2024, up from -52.5 a year earlier, though it missed market expectations of -33. The economic expectations index rose to -30.1 from -51.9 in October 2023, indicating a less negative view on future economic conditions. Expectations for personal finances also brightened, with the index at -33.6 compared to -52.4 last year. Additionally, the assessment of whether it is a good time to make major purchases improved to -31.5 from -41, signaling a gradual shift in consumer sentiment toward recovery. Consumers also reported an improved past financial situation, moving to -52.8 from -64.8.
2024-11-08
Swiss Consumer Morale Improves in September
The consumer confidence indicator in Switzerland rose by 0.9 points to -33.7 in September 2024, up from -34.6 in August and better than market forecasts of -33. The improvement indicated decreased pessimism among households, as reflected in the perception of expected economic development (-19.4 vs -22 in August). Additionally, consumers were less hesitant to make large purchases (-29.4 vs -32.3), and price developments for the next 12 months are expected to be lower (94.8 vs 97). However, sub-indexes for personal financial situations deteriorated (-33 vs -31.3), and concerns over job security sharply increased (-31.2 vs -21.8).
2024-10-11