FOREX TradingCharts.com

Financial News: Swiss Consumer Confidence Highest Since July 2014

Swiss Consumer Confidence Highest Since July 2014

02/07/2017 - 02:14:00 (RTTNews)

(RTTNews) - Switzerland's consumer sentiment improved strongly in the three months to January to its highest level in two-and-a-half years, survey results from the State Secretariat for Economic Affairs, or SECO, showed Tuesday.

The consumer confidence index climbed to -3 from -13 in October, marking its highest level since July 2014, the survey conducted among roughly 1,200 consumers revealed. The reading is above its long-term average, after six below-average quarters.

"Consumers are clearly more optimistic about where they feel the economy is going as well as being less gloomy about the future development of unemployment and their own financial situation," SECO said.

"This is thus the first time that consumers have rated the outlook in many areas as positively as they did shortly before the Swiss franc shock in early 2015."

The prospects for the labor market in particular are now considered average rather than pessimistic for the first time since the Swiss franc shock in early 2015, which is probably partly due to the stable unemployment rate over the last few months, the agency added.

Consumers' expectations of the economic situation in next 12 months strengthened sharply with the corresponding sub-index surging to 14 from -6.

The sub-index for the unemployment expectations also improved, falling to 48 from 58.

Households were also more optimistic regarding their anticipated financial situation and the corresponding sub-index climbed to 0 from -6.

However, their view on saving prospects changed only slightly as the sub-index rose to 21 from 17.

Meanwhile, an above-average number of households felt that now was a good time to make major purchases, with the corresponding index rising to 4 from -2.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


ECB Policymaker Calls For Tapering, But Inflation Loses Steam (11 min(s), 49 sec(s) ago)
(RTTNews) - A European Central Bank policymaker said on Thursday that it was time to start gradual ...Full Story»

U.S. GDP Growth Upwardly Revised More Than Expected In Q4 (01 hr(s), 17 min(s), 49 sec(s) ago)
(RTTNews) - Gross domestic product in the U.S. increased by more than previously estimated in the ...Full Story»

U.S. Weekly Jobless Claims Edge Down To 258,000 (01 hr(s), 28 min(s), 49 sec(s) ago)
(RTTNews) - While the Labor Department released a report on Thursday showing a modest drop in firs ...Full Story»

U.S. GDP Grows More Than Previously Estimated In Q4 (01 hr(s), 55 min(s), 49 sec(s) ago)
(RTTNews) - Gross domestic product in the U.S. increased by more than previously estimated in the ...Full Story»

U.S. Weekly Jobless Claims Drop Less Than Expected (02 hr(s), 0 min(s),49 sec(s) ago)
(RTTNews) - While the Labor Department released a report on Thursday showing a modest drop in firs ...Full Story»

Brazil Retail Sales Unexpectedly Falls For Second Month (02 hr(s), 07 min(s), 49 sec(s) ago)
(RTTNews) - Brazil's retail sales declined for a second straight month in January, defying exp ...Full Story»

Germany's Inflation Eases To 4-Month Low (02 hr(s), 13 min(s), 49 sec(s) ago)
(RTTNews) - German inflation slowed to a four-month low in March, preliminary figures from Destati ...Full Story»

ECB's Praet Says Not Yet Sufficiently Confident On Inflation (02 hr(s), 26 min(s), 49 sec(s) ago)
(RTTNews) - Eurozone economic recovery is gaining momentum, but this has not contributed to a dura ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

ECB Policymaker Calls For Tapering, But Inflation Loses Steam

03/30/2017 - 10:26 AM (RTTNews)
(RTTNews) - A European Central Bank policymaker said on Thursday that it was time to start gradual ...Full Story>>

U.S. GDP Growth Upwardly Revised More Than Expected In Q4

03/30/2017 - 09:20 AM (RTTNews)
(RTTNews) - Gross domestic product in the U.S. increased by more than previously estimated in the ...Full Story>>

U.S. Weekly Jobless Claims Edge Down To 258,000

03/30/2017 - 09:09 AM (RTTNews)
(RTTNews) - While the Labor Department released a report on Thursday showing a modest drop in firs ...Full Story>>

U.S. GDP Grows More Than Previously Estimated In Q4

03/30/2017 - 08:42 AM (RTTNews)
(RTTNews) - Gross domestic product in the U.S. increased by more than previously estimated in the ...Full Story>>

U.S. Weekly Jobless Claims Drop Less Than Expected

03/30/2017 - 08:37 AM (RTTNews)
(RTTNews) - While the Labor Department released a report on Thursday showing a modest drop in firs ...Full Story>>
These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.