FX.co ★ Switzerland Consumer Morale Lower than Expected

Switzerland’s consumer confidence index declined to -35 in July 2026, down from -33 a year earlier and below market expectations of -34, indicating a further weakening in household sentiment. Consumers were more negative about their past financial situation, with that index falling to -44 from -41, while expectations for their future finances also worsened, dropping to -32 from -28. Confidence in making major purchases deteriorated markedly, with the corresponding measure sliding to -55 from -51, underscoring persistent caution around discretionary spending. By contrast, views on the broader economic outlook were comparatively steady, easing only slightly to -37 from -36 a year earlier. Despite the year-on-year decline, overall confidence showed a modest improvement from June, when the index was at -36.