Market Updates: Swiss SECO Releases Consumer Climate - Forex News by FX Leaders

Market Updates: Swiss SECO Releases Consumer Climate

Posted Friday, February 1, 2019 by
Arslan Butt • 1 min read

The Swiss State Secretariat for Economic Affairs (SECO) just released the consumer climate report as per which consumer sentiment in Switzerland remains slightly above average.

Despite less promising forecasts regarding the economy in general, the standpoint for the labor market and consumers’ own budget has grown.

The survey which commenced in January 2019 shows a positive sentiment among Swiss consumers since, at -4 points. The consumer sentiment index remains above its long-term average (-9 points).

In contrast with previous October (-6 points), the sentiment has remained steady overall, with flashes of recovery and of a slowdown broadly balanced.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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