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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SwitzerlandSwitzerland SECO Consumer Climate fell to -40 in April 2026
FMPMonthlyReleased May 2026
Switzerland SECO Consumer Climate fell to -40 in April 2026, released May 2026, down 10 from March's -30 reading. The print exceeded the -46 consensus by 6. SECO Consumer Climate has now declined for 3 consecutive months. SECO Consumer Climate is now the lowest in 15 months.
Latest Release
-40
Actual
-46
Consensus
-30
Previous
Median Absolute Error
±3.5
across last 4 releases
Last Call
Feb 2026
Predicted: -30
Actual: -30
Error: +0
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 |
|---|---|---|---|---|---|
| USD/CHF | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| EUR/CHF | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| CHF/JPY | ▲ Direct | +0.40 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Moves with | → View |
| GBP/CHF | ▼ Inverse | −0.35 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
SECO Consumer Climate (Switzerland) was reported at -40.00 in May 2026. This beat the market consensus of -46.00 by 6.00. The reading fell from the previous value of -30.00. Trailing 12-month context per ETL data through February 2026. This is classified as a medium-impact indicator released on a monthly basis.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CHF (Bullish CHF). A secondary relationship exists with EUR/CHF, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
The next release is scheduled for August 7, 2026. Same-country events in the next 14 days include CPI MoM (Aug 3) and Inflation Rate YoY (Aug 3).
Auto-generated from current model state · Refreshes on each release · Last update February 2026.
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SECO Consumer Climate - CH
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About SECO Consumer Climate — Switzerland
DEFINITION
Switzerland’s SECO Consumer Climate for May registered at -40.000000, beating the estimate of -46.000000 and declining from April’s -30.000000. The index signals a further deterioration in consumer sentiment compared to the previous month. Market participants will watch upcoming economic data for confirmation of this weakening trend. Updated 5/8/26
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual -40, consensus -46. Prior reading (Jan 2026): -30. Before that (Jul 2025): -28.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with USD/CHF (Bullish CHF, r=-0.50) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - CH Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:00 | CH | KOF Leading Indicators | 103.5 | 102.1 | 101 | 102.25 | Medium |
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:30 | CH | Retail Sales MoM | 0.2 | 0.9 | 1 | 0.75 | Low |
| 06:30 | CH | Retail Sales YoY | 1.5 | 3.4 | 3.2 | 2.65 | Medium |