Swiss SECO Consumer Climate dropped to -10.4 in Q4, down from -8.0, missed expectation of -8.0. SECO said: “Consumer sentiment has worsened slightly. Consumers have proved less optimistic about both general economic development and the labour market than in previous quarters.”
Looking at some details, expectations regarding general economic development have deteriorated significantly, from -0.9 to -19.6. That’s also the first time in more than three years that the index is below it’s long term average (-9). Overall, these results point to weak economic development in the near future.
