Switzerland: Consumer sentiment remains pessimistic at the start of the year
According to the State Secretariat for Economic Affairs (SECO), Swiss consumer sentiment turned slightly less pessimistic in January 2020 but was still deep in negative territory at minus 9 points (October: minus 10 points). Subsequently, the index still stands below its long-run average of minus 5 points.
Looking at the subsectors, a deterioration in sentiment regarding personal finances was broadly offset by more upbeat views on the general economic situation and the labor market.