The Consumption Boom In Switzerland Has Rebounded Significantly, But It Is Still Below Average

According to the statistics of the latest economic climate index questionnaire released by the Swiss Federal Economic Affairs Office (seco) on August 4, 2020, the consumption climate in Switzerland has recovered from the trough of - 39.3 points in the second quarter of this year to - 12 points in the third quarter, but it is still lower than the average value of - 5.2 points. The public's forecast of the economic situation is obviously optimistic, rising from - 78.3 points in the last quarter to - 16.7 points (average - 9.5).

People's review of the financial situation of families shows that the - 10 point in the third quarter of this year is similar to the - 7.2 point of the previous quarter (the average is - 6.5); however, the prediction of the family financial situation has obviously rebounded from - 23.6 points in the last quarter to - 4.1 points, which is only slightly lower than the long-term average level (1.6 points); the recovery of the forecast of family financial status is partly affected by the fall of Swiss prices.

The average of the labor market is - 50.11, which is still positive in this quarter. Therefore, it affects the willingness of bulk purchase, which is - 17.1 points in this quarter, lower than the average value of - 6.4 points.