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Financial News: Swiss Consumer Sentiment Weakens In April

Swiss Consumer Sentiment Weakens In April

05/04/2017 - 02:06:00 (RTTNews)

(RTTNews) - Switzerland's consumer confidence weakened in April, quarterly survey data from the State Secretariat For Economic Affairs showed Thursday.

The consumer confidence index fell unexpectedly to -8 in April from -3 in January. The score was forecast to rise to +3.

Although expectations for overall economic development remained above average, they were less positive than they were in January. The sub-index for anticipated economic development fell to 5 from 14.

Expectations concerning the financial situation and savings possibilities of domestic households were also marginally bleaker.

The index for expectations concerning the domestic financial situation slid to -3 from 0. The anticipated savings possibilities index decreased to 15.

The sub-index on anticipated unemployment remained at 48 points in April, the survey showed.

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