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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SwitzerlandSwitzerland SECO Consumer Climate climbed to -33 in July 2026
FMPMonthlyReleased August 2026
Switzerland SECO Consumer Climate climbed to -33 in July 2026, released August 2026, up 7 from June's -40 reading. The reading matched the -34 consensus. Year-over-year, the indicator is down 5.
Latest Release
-33
Actual
-34
Consensus
-40
Previous
Median Absolute Error
±2
across last 5 releases
Last Call
Aug 2026
Predicted: -34
Actual: -33
Error: -1
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 -33.00 in August 2026. This beat the market consensus of -34.00 by 1.00. The reading rose from the previous value of -40.00. Trailing 12-month context per ETL data through August 2026. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending downward over the last three releases.
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
Same-country events in the next 14 days include Balance of Trade (Sep 17) and SECO Economic Forecasts (Sep 17).
Auto-generated from current model state · Refreshes on each release · Last update August 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 August registered at -33.000000, beating the estimate of -34.000000 and improving from July's -40.000000. The index shows a notable rebound, signaling less pessimism among consumers compared to the prior month. Market participants will watch upcoming inflation data and central bank communications for further direction. Updated 8/7/26
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 (Jul 2026): actual -33, consensus -34. Prior reading (Apr 2026): -40. Before that (Jan 2026): -30.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower 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 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.
Σ
EXPECTED ZONE
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Economic Calendar - CH Events
| Monday, September 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:30 | CH | Producer Price Index YoY | -0.7 | -2.1 | -1.3 | -1.00 | Low |
| 06:30 | CH | Producer Price Index MoM | 0.7 | -0.1 | 0.1 | 0.40 | Low |
| Thursday, September 17, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:00 | CH | Balance of Trade | 8.1 | 7.5 | 8.55 | Medium | |