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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SwitzerlandSwitzerland Consumer Confidence fell to -36.0% in September 2026
FMPMonthlyReleased October 2026
Switzerland Consumer Confidence fell to -36.0% in September 2026, released October 2026, down 3.0% from August's -33.0% reading. The reading missed the -31.0% consensus by 5.0%. Year-over-year, the indicator is up 1.0%. Over the past 3 months, Consumer Confidence averaged -34.0%, vs -38.0% in the prior 3-month window. The reading is in the 43rd percentile of the trailing 24-month range.
Latest Release
-36
Actual
-31
Consensus
-33
Previous
Median Absolute Error
±1.38 percentage points
across last 12 releases
Last Call
Sep 2026
Predicted: -32.33
Actual: -33
Error: +0.67
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.46 | INDEX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.32 | COMMODITIES | Moves with | → View |
| USD/CHF | ▼ Inverse | −0.28 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Consumer Confidence (Switzerland) was reported at -36% in October 2026. This missed the market consensus of -31% by 5%. The reading fell from the previous value of -33%. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged -33.78%, ranging from -38% to -30% across 9 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged -34.67%, down from the prior three at -32.67%. Volatility over the past year (σ 2.82%) is lower than the prior year (σ 3.69%). In September readings over the past 3 years, Consumer Confidence has averaged -35.87%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish S&P 500). A secondary relationship exists with XAU/USD, positively correlated (Bullish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 1.38%.
WHAT TO WATCH NEXT
The next release is scheduled for November 6, 2026. Same-country events in the next 14 days include Balance of Trade (Oct 20) and Monetary Policy Meeting Minutes (Oct 22).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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Consumer Confidence - CH
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About Consumer Confidence — Switzerland
DEFINITION
Index The Consumer Confidence Index is a widely recognized financial indicator that measures the level of optimism or pessimism among consumers regarding the state of the economy. It is based on surveys and data collected from a representative sample of households, and is used by economists and investors to gauge consumer spending patterns and overall economic health. A higher index value indicates a positive outlook, while a lower value suggests a more negative sentiment. This index is a valuable tool for businesses and policymakers in making informed decisions and predicting future economic trends.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Sep 2026): actual -36 %, consensus -31 %. Prior reading (Aug 2026): -33 %. Before that (Jul 2026): -35 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary neutral force in the current projection. This indicator correlates most strongly with S&P 500 (Bullish S&P 500, r=0.46) — a useful reference for index-focused traders.
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EXPECTED ZONE
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Economic Calendar - CH Events
| Friday, October 9, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:00 | CH | Consumer Confidence | -36 | -33 | -31 | -32.50 | Medium |