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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SwitzerlandSwitzerland Consumer Confidence climbed to -35.0% in July 2026
FMPMonthlyReleased August 2026
Switzerland Consumer Confidence climbed to -35.0% in July 2026, released August 2026, up 1.0% from June's -36.0% reading. The reading matched the -34.0% consensus. Consumer Confidence has now risen for 5 consecutive months. Over the past 3 months, Consumer Confidence averaged -37.0%, vs -35.75% in the prior 3-month window. The reading is in the 48th percentile of the trailing 24-month range.
Latest Release
-35
Actual
-34
Consensus
-36
Previous
Median Absolute Error
±1.88 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: -34.25
Actual: -35
Error: +0.75
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 | +0.29 | COMMODITIES | Moves with | → 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 -35% in August 2026. This missed the market consensus of -34% by 1%. The reading rose from the previous value of -36%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged -34.56%, ranging from -40% 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 -36.33%, down from the prior three at -30.33%. Volatility over the past year (σ 3.4%) is comparable than the prior year (σ 3.37%). In August readings over the past 3 years, Consumer Confidence has averaged -33.47%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 1.88%.
WHAT TO WATCH NEXT
The next release is scheduled for September 11, 2026. Same-country events in the next 14 days include Employment Level (Aug 27) and KOF Leading Indicators (Aug 28).
Auto-generated from current model state · Refreshes on each release · Last update August 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 (Jul 2026): actual -35 %, consensus -34 %. Prior reading (Jun 2026): -36 %. Before that (May 2026): -38 %.
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 bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind 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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Economic Calendar - CH Events
| Wednesday, August 26, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:00 | CH | Economic Sentiment Index | 10 | 8 | 14.45 | Low | |
| Thursday, August 27, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:30 | CH | Non Farm Payrolls | 5.537 | 5.55 | 5.62 | Low | |
| Friday, August 28, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 07:00 | CH | KOF Leading Indicators | 103.5 | 103.7 | 103.70 | Medium | |