Switzerland's consumer confidence improved to -37.2 in November 2024, a notable recovery from -48 in the same month last year and beating expectations of a decline to -38.
This marks a continued upward trend in consumer sentiment, reflecting optimism despite ongoing economic challenges. The financial expectations index climbed to -36.2 from -42.2 in November 2023, signaling a slightly less pessimistic outlook on the economy’s future performance. Similarly, expectations for personal finances showed significant improvement, with the index rising to -33.1 from -46.5, indicating growing confidence in household financial stability.
Consumer sentiment improves as big-ticket spending outlook brightens
The perception of whether it is a good time to make significant purchases also showed progress, with the index improving to -30.5 from -39.4, suggesting a gradual recovery in consumer willingness to spend on big-ticket items. Additionally, consumers viewed their past financial situation more favorably, as reflected in an increase in the index to -49.1 from -63.9. These positive developments highlight a slow but steady rebound in consumer sentiment, potentially driven by improving economic conditions and expectations for stability in the months ahead.
