Consumer sentiment in Switzerland unchanged last month

Note: This section contains information in English only.
Source: RTTNews
© Scanpix/Reuters
State Secretariat for Economic Affairs reported on Tuesday that confidence among households in Switzerland held still last month. The SECO consumer confidence index was equal to minus 17 points during the period ended in October 2012, which was unchanged from the figure for the period ended in July 2012. While economists expected that the index would witness a reading of minus 21 points.

Consumer expectations about their personal finance situation and future economic development did not change significantly. Moreover, households expected an increase in their future saving possibilities. However, they expected a further decline in employment rate during the upcoming month.
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