Switzerland consumer morale improves in October
Switzerlands consumer morale has improved in October from a year earlier, though at a lesser pace than expected.The index of consumer confidence came in at a reading of -37 in October, up from -52.5 i
Switzerland’s consumer morale has improved in October from a year earlier, though at a lesser pace than expected.
The index of consumer confidence came in at a reading of -37 in October, up from -52.5 in the same month a year ago.
Market consensus had pointed to an improvement to -33.
The sub-index of economic expectations went up to -30.1 in October from -51.9 in October last year, suggesting a less negative outlook regarding future economic conditions.
The sub-index of personal finance expectations also improved in October, to -33.6 from -52.4 in October last year.
And, the assessment of whether it is a good time to make major purchases also brightened, with the respective gauge rising to -31.5 from -41 a year ago.
The EUR/CHF currency pair settled 0.43% lower at 0.9377 on Friday. For the week, the minor currency pair went down 0.47%.
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.
