FX.co ★ Swiss Consumer Climate Sees Modest Uptick as SECO Indicator Inches Higher

The Swiss consumer climate, gauged by the State Secretariat for Economic Affairs (SECO), has shown a slight improvement as the indicator climbed to -31 in its latest update, dated January 12, 2026. This marks a modest recovery from the previous reading of -34 recorded in November 2025.

The SECO Consumer Climate indicator provides insight into the sentiment of Swiss households towards the economy, reflecting their willingness to spend and economic confidence. The less negative reading suggests an improved outlook among consumers, indicating a cautious optimism as Switzerland continues to navigate economic challenges.

While the indicator still sits in negative territory, the upward tick signifies a potential rebound in consumer confidence, which could spark more robust household spending. This slight increase in optimism may play a crucial role in sustaining economic activities in Switzerland, potentially assisting in enhancing domestic demand and supporting the nation’s economic goals. Economists will be closely watching subsequent updates to ascertain if this trend continues in the coming months.