Bloomberg News

Swiss Consumer Confidence Remains Unchanged in October

November 06, 2012

Swiss consumer confidence remained unchanged in October even as households grew more pessimistic about the economic outlook and the labor market.

An index based on a quarterly survey of about 1,100 households stayed at minus 17, the State Secretariat for Economic Affairs in Bern said in an e-mailed statement today. Economists had forecast a retreat to minus 21, the median of 12 estimates in a Bloomberg News survey showed.

A gauge measuring consumers’ assessment of the development of the overall economic situation in the next 12 months fell to minus 23 from minus 20 in July, while a sub-indicator of future unemployment rose to 67 from 62, indicating an increase.

To contact the reporter on this story: Zoe Schneeweiss in Zurich at zschneeweiss@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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