The Swiss consumer confidence index dropped to -10.4 in the fourth quarter of 2019 from -8 in the previous period, the lowest level since the third quarter of 2009. Expectations regarding general economic situation deteriorated sharply to the weakest in more than three years (-19.6 vs -0.9 in Q3), and the index on anticipated unemployment rose to its highest in over two years (48.4 vs 38.6). In contrast, the assessment of the past financial situation continued its positive development of recent quarters (-10.9 vs -12.9) and expectations regarding the anticipated financial situation also improved (-2.8 vs -7.6). In line with these figures, the likelihood of making major purchases has largely remained stable (-8.4 vs -10.8). Consumer Confidence in Switzerland averaged -4.99 Index Points from 1972 until 2019, reaching an all time high of 19.90 Index Points in the fourth quarter of 1972 and a record low of -36.60 Index Points in the first quarter of 1992.
Consumer Confidence in Switzerland is expected to be -10.00 Index 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 -7.00 in 12 months time. In the long-term, the Switzerland Consumer Confidence is projected to trend around -4.00 Index Points in 2020, according to our econometric models.