Consumer sentiment: confidence despite price increases

Bern, 04.11.2021 - Swiss households remain very optimistic about the future of the economy. According to the October survey, the consumer sentiment index is very high despite the burden of rising consumer prices on household budgets.

The October consumer sentiment index of 4 points shows that sentiment among Swiss consumers is still very positive, sinking only slightly from its July level (8 points). This also significantly exceeds the index’s long-term average (−5 points).

Positive expectations of economic growth over the next 12 months made a particularly strong contribution to this figure, with the sub-index value of 44 points coming in well above its long-term average (−9 points). Consumers also judged the recent economic situation in far more positive terms than in July. This sub-index has moved past its crisis-related collapse of recent quarters and is once again close to its historical average.

In parallel with the economic recovery, consumers again perceive noticeable improvements to the labour market situation. The job security sub-index in particular climbed significantly from its previous low level. Expectations regarding unemployment figures largely reaffirmed the positive assessment seen in the July survey.

Consumers nevertheless had a slightly more negative view of both the past and future financial situation of households compared to July. They were also less confident about making major purchases, as this sub-index fell to −18 points, 6 points down on the previous quarter. Consumer price developments influenced this perception, as higher prices weighed on household budgets. Sub-indices on past and expected price developments reached their highest point since 2008.


Address for enquiries

State Secretariat for Economic Affairs SECO
Holzikofenweg 36
CH-3003 Bern
Tel. +41 58 462 56 56
Fax +41 58 462 56 00



Publisher

State Secretariat for Economic Affairs
http://www.seco.admin.ch

Last modification 21.01.2022

Top of page

Contact

Media enquiries

We kindly request you to address your written media enquiries to medien@seco.admin.ch  

Head of Communications and Media Spokesperson

Antje Baertschi
Tel. +41 58 463 52 75
E-Mail

Deputy Head of Communications and Media Spokesperson

Fabian Maienfisch
Tel. +41 58 462 40 20
E-Mail

Spokesperson

Livia Willi Yéré
Tel. +41 58 469 69 28
E-Mail

Print contact

Subscribing to news

https://www.seco.admin.ch/content/seco/en/home/seco/nsb-news.msg-id-85723.html