Consumer sentiment dampened slightly again in August
Published: Friday, Sep 6th 2024, 10:00
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After brightening slightly in July, consumer sentiment in Switzerland deteriorated again somewhat in August. The monthly consumer sentiment index compiled by the State Secretariat for Economic Affairs (Seco) stood at -35 points after -32 points in July.
Compared to the previous year (August 2023), this is 6 points higher, as reported by Seco on Friday. The sub-indices Expected economic development, Past financial situation, Expected financial situation and Time for major purchases are above the level of August 2023.
The index reached its lowest point to date in October 2023, when it slipped to just under -53 points.
Since the beginning of 2024, the consumer sentiment index has been based on monthly surveys conducted by Seco instead of the previous quarterly surveys. These are conducted continuously using online questionnaires, with 2757 people taking part last month.
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