Switzerland Consumer Confidence

Info

History

Chart

Impact:

Medium

Latest Release:

Big Surprise:

CHF-8

CHF

Actual:

-42

Forecast: -34

Previous/Revision:

-35

Period: May 2025

Next Release:

Forecast:

Period: Jun 2025

What Does It Measure?

The Switzerland Consumer Confidence Index measures the degree of optimism that consumers feel about the overall state of the economy and their personal financial situation. It focuses primarily on consumer spending intentions, employment perceptions, and overall economic outlook, with key indicators including expected changes in personal finances and anticipated economic conditions.

Frequency

This index is published quarterly, with the release typically occurring in the last week of the reporting quarter, providing a final figure based on responses from a representative sample of the Swiss population.

Why Do Traders Care?

Traders closely monitor consumer confidence as it serves as a leading indicator of consumer spending, which drives economic growth; higher consumer confidence usually translates into increased spending on goods and services. Positive readings can support the Swiss franc and uplift stocks, while negative outcomes may result in bearish trends for both currencies and equities.

What Is It Derived From?

The Consumer Confidence Index is derived from a survey conducted among Swiss households, where respondents provide their perspectives on current economic conditions and future expectations. The results are calculated using diffusion indices that reflect shifts in sentiment based on responses categorized as optimistic or pessimistic.

Description

The Consumer Confidence Index reflects household sentiments on financial stability, job security, and willingness to engage in spending, thus influencing consumption patterns in the economy. Preliminary reports are based on early survey responses and are subject to revision, while final figures provide a more accurate picture of consumer sentiment; financial markets react promptly to preliminary data due to its timely nature, although final figures may lead to realignment of market expectations.

Additional Notes

This index acts as a leading economic measure, as consumer confidence can predict upcoming trends in consumer spending and economic activity. It is also compared with other indicators such as retail sales data and GDP growth to discern broader economic patterns, not just within Switzerland but also in relation to consumption trends observed in other regions.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for CHF, Bullish for Stocks. Lower than expected: Bearish for CHF, Bearish for Stocks. The tone suggests underlying consumer strength, signaling robust economic support, which is usually good for the Swiss franc and stocks due to enhanced spending potential.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
May 09, 2025	-42	-34	-35	-8
Apr 11, 2025	-35	-32	-34	-3
Mar 10, 2025	-34	-28	-29	-6
Feb 07, 2025	-29	-31	-30	2
Jan 13, 2025	-30	-35	-37	5
Dec 09, 2024	-37.2	-38	-37	0.8
Nov 08, 2024	-37	-33	-33.7	-4
Oct 11, 2024	-33.7	-33	-34.6	-0.7
Sep 06, 2024	-34.6	-33	-32.4	-1.6
Aug 09, 2024	-32.4	-36	-36.6	3.6
Aug 02, 2024		-12
Jul 05, 2024	-36.6	-35	-38	-1.6
Jun 10, 2024	-38	-37	-38.1	-1
May 13, 2024	-38.1	-40	-38	1.9
May 02, 2024		-16	-41.1
Apr 05, 2024	-38	-41	-42.3	3
Mar 11, 2024	-42.3	-36	-41.1	-6.3
Feb 15, 2024	-41	-28	-44.4	-13
Nov 02, 2023	-40	-23	-27	-17
Aug 02, 2023	-27.1	-22	-29.6	-5.1
May 02, 2023	-29.7	-24.4	-30.1	-5.3
Feb 02, 2023	-30	-36	-47	6
Nov 01, 2022	-46.6	-48.3	-41.7	1.7
Aug 02, 2022	-41.7	-29	-18	-12.7
May 02, 2022	-18	-6.4	3	-11.6
Feb 01, 2022	-3.6	4.5	3.5	-8.1
Nov 04, 2021	3.8	4.5	7.7	-0.7
Aug 03, 2021	7.8	6	-6.5	1.8
May 04, 2021	-7.1	1.5	-14.2	-8.6
Feb 04, 2021	-14.6	-17	-13	2.4
Nov 05, 2020	-12.8	-8	-12	-4.8
Aug 04, 2020	-12	-16	-39.3	4
Apr 15, 2020	-40	-21	-9.4	-19
Feb 05, 2020	-9.4	-6	-10.3	-3.4
Nov 04, 2019	-10.4	-10	-8	-0.4
Aug 05, 2019	-8	-8	-9.3
May 03, 2019	-6	-3	-4	-3
Feb 01, 2019	-4	-5	-6	1
Nov 01, 2018	-6	-8	-7	2
Aug 02, 2018	-7	2	2	-9
May 02, 2018	2	5	5	-3
Feb 01, 2018	5	2	-2	3
Nov 02, 2017	-2	0	-3	-2
Aug 02, 2017	-3	-3	-8
May 04, 2017	-8	3	-3	-11
Feb 07, 2017	-3	-11	-13	8
Nov 03, 2016	-13	-13	-15
Aug 04, 2016	-15	-16	-15	1
May 03, 2016	-15	-12	-14	-3
Feb 04, 2016	-14	-15	-18	1
Nov 05, 2015	-18	-14	-19	-4
Aug 06, 2015	-19	-10.68	-6	-8.32
May 07, 2015	-7	-2.39	-0.7	-4.61