Suisse Confiance Des Consommateurs

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).