However, Consumption In Switzerland Is Still Lower Than The Average

According to the statistics of the latest economic climate index questionnaire released by the Swiss Federal Economic Affairs Office (seco) on August 4, 2020, the consumption climate in Switzerland has recovered from the trough of - 39.3 points in the second quarter of this year to - 12 points in the third quarter, but it is still lower than the average value of - 5.2 points. The public's positive outlook on the economy rose from - 3.5 points in the quarter to - 7.9 points on average.

People's review of the financial situation of families shows that - 10 points in the third quarter of this year are similar to - 7.2 points in the previous quarter (the average is - 6.5); however, the prediction of family financial status has obviously rebounded from - 23.6 points in the last quarter to - 4.1 points, which is only slightly lower than the long-term average level (1.6 points); the forecast recovery of family financial status is partly affected by the fall in Swiss prices.

The situation of the labor market is still not optimistic. The job stability in this quarter is - 114 points, with an average of - 55.8 points; the unemployment situation in this quarter is evaluated as 111 points, with an average of about 50 points. Therefore, the impact of bulk purchase is - 4.4 on average in this quarter.