Track SZ SECO Consumer Climate to gauge Swiss financial confidence, pivotal for forecasting consumer spend.
Financial confidence serves as a key predictor of consumer spending, which represents a significant portion of overall economic activity. A value above 0.0 signifies optimism, while a value below indicates pessimism. Note that the source modified its calculation formula as of November 09 and also changed the release frequency from quarterly to monthly starting February 2024.
What it Measures
This index reflects the level of consumer sentiment based on household surveys.
Usual Effect
A reported 'actual' value that exceeds the 'forecast' is considered positive for the currency.
Source & Frequency
SECO (latest release) - https://www.seco.admin.ch/seco/en/home.html • Data is released monthly, excluding January, approximately 10 days after each month concludes.
How Data is Derived
Survey of about 2,800 households which asks respondents to rate the relative level of past and future economic conditions
Also Known As
N/A
Acronym
State Secretariat for Economic Affairs (SECO)