FOREX TradingCharts.com

Financial News: Swiss Consumer Sentiment Hits Historic Low

Swiss Consumer Sentiment Hits Historic Low

11/01/2022 - 08:11:00 (RTTNews)

(RTTNews) - Swiss consumer confidence weakened to the lowest level since the survey began in 1972, survey results from the State Secretariat for Economic Affairs, or SECO, showed Tuesday.

The consumer confidence index fell more-than-expected to -46.6 in the fourth quarter from -41.7 in the preceding period. The expected score was -43.0.

Among the main four sub-components, consumers' expectations on how the general economic situation would develop over the next twelve months became even gloomier. The expected economic development index declined to -57.2 from -53.5 in the prior quarter.

Households were more pessimistic about their own financial situation largely due to high inflation. At -39.7, the past financial situation index reached a record low, down from -35.1 a quarter ago. The expected financial situation also fell to a new low of -46.9 from -34.8.

Finally, consumers surveyed remained cautious about making large purchases. The corresponding index slid to -42.4 from -43.3 in the previous quarter.

On the other hand, consumers continued to assess that the labor market is in good shape. The perception of job security, at -26 points, remained practically unchanged. Although expectations regarding the future development of unemployment deteriorated slightly compared with July, the corresponding sub-index came in at 39 points, which was still clearly below its long-term average.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Norway Industrial Production Falls For Second Month (04 min(s), 36 sec(s) ago)
(RTTNews) - Norway's industrial production fell for the second consecutive month in October as ...Full Story»

Swiss Jobless Rate Rises As Expected In November (43 min(s), 36 sec(s) ago)
(RTTNews) - Switzerland's unemployment rate increased slightly in November, in line with expec ...Full Story»

Thailand Inflation Slows On Food Price Fall (01 hr(s), 12 min(s), 36 sec(s) ago)
(RTTNews) - Consumer price inflation in Thailand eased for the third month in a row in November am ...Full Story»

UK House Prices Fall Most In Over 14 Years Amid Cost Of Living Crisis, Recession Worries (01 hr(s), 28 min(s), 36 sec(s) ago)
(RTTNews) - UK housing market continued to slow in November as house prices decreased for a third ...Full Story»

China Exports & Imports Hurt By Zero Covid Policy, Weaker Demand (02 hr(s), 37 min(s), 36 sec(s) ago)
(RTTNews) - China's exports and imports fell more than expected in November as strict Covid re ...Full Story»

European Economics Preview: Germany Industrial Output Data Due (02 hr(s), 48 min(s), 36 sec(s) ago)
(RTTNews) - Industrial production from Germany and revised quarterly national accounts from the eu ...Full Story»

Japan Leading Index Rebounds In October (02 hr(s), 47 min(s), 36 sec(s) ago)
(RTTNews) - Japan's leading index improved more than expected at the start of the fourth quart ...Full Story»

India's Central Bank Delivers Fifth Consecutive Rate Hike (04 hr(s), 04 min(s), 36 sec(s) ago)
(RTTNews) - India's central bank raised its benchmark interest rates for the fifth consecutive ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Norway Industrial Production Falls For Second Month

12/07/2022 - 04:05 AM (RTTNews)
(RTTNews) - Norway's industrial production fell for the second consecutive month in October as ...Full Story>>

Swiss Jobless Rate Rises As Expected In November

12/07/2022 - 03:26 AM (RTTNews)
(RTTNews) - Switzerland's unemployment rate increased slightly in November, in line with expec ...Full Story>>

Thailand Inflation Slows On Food Price Fall

12/07/2022 - 02:57 AM (RTTNews)
(RTTNews) - Consumer price inflation in Thailand eased for the third month in a row in November am ...Full Story>>

UK House Prices Fall Most In Over 14 Years Amid Cost Of Living Crisis, Recession Worries

12/07/2022 - 02:41 AM (RTTNews)
(RTTNews) - UK housing market continued to slow in November as house prices decreased for a third ...Full Story>>

China Exports & Imports Hurt By Zero Covid Policy, Weaker Demand

12/07/2022 - 01:32 AM (RTTNews)
(RTTNews) - China's exports and imports fell more than expected in November as strict Covid re ...Full Story>>

Do not sell my personal information

Copyright © 2022. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.