Swiss Confederation,Consumer sentiment significantly higher than a year ago

Consumer Sentiment in Switzerland Rises Significantly

Bern, January 13, 2025 – Consumer confidence in Switzerland has rebounded strongly from pandemic-induced lows, according to the latest survey by the State Secretariat for Economic Affairs (SECO). The Consumer Sentiment Index has jumped from -12.9 in January 2024 to -2.1 in January 2025, indicating a significant improvement in consumers’ outlook on the economy.

Key Findings

• Income Expectations: Consumers’ expectations for their future income have turned positive, with the sub-index rising from -17.7 to -0.2.
• Job Security: Concerns about job security have eased, with the sub-index improving from -30.5 to -20.4.
• Economic Outlook: Consumers’ view of the general economic situation has also improved, with the sub-index rising from -14.5 to -4.9.

Factors Contributing to Improved Sentiment

Several factors have contributed to the surge in consumer sentiment, including:

• Stable Economic Recovery: The Swiss economy has rebounded from the pandemic and is expected to continue growing in 2025.
• Low Unemployment: Unemployment remains at a record low, providing consumers with financial stability.
• Government Stimulus Measures: The government has implemented a range of stimulus measures to support the economy, including increased social spending and tax cuts.

Implications for Businesses and Consumers

The improved consumer sentiment is likely to have positive implications for businesses and consumers alike.

• Increased Spending: Consumers are more likely to spend on goods and services, which will boost economic growth.
• Increased Investment: Businesses may be encouraged to invest more, creating jobs and further boosting the economy.
• Improved Standard of Living: Rising consumer sentiment typically leads to a higher standard of living, as consumers have more disposable income and confidence in the future.

Cautious Optimism

Despite the positive outlook, consumers remain cautious about the long-term economic situation. The Consumer Sentiment Index is still below its pre-pandemic level, indicating that some uncertainty persists. However, the significant improvement in sentiment is a positive sign for the Swiss economy and suggests that consumers are hopeful for the future.

Government Response

The government welcomes the improvement in consumer sentiment but recognizes that challenges remain. It plans to continue monitoring economic indicators and implementing policies to support the recovery.

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Swiss Confederation a new article on 2025-01-13 00:00 titled “Consumer sentiment significantly higher than a year ago”. Please write a detailed article on this news item, including any relevant information. Answers should be in English.

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