Swiss Consumer Confidence Weakens In July

(RTTNews) - Consumers in Switzerland remained slightly more pessimistic in July, monthly survey results from the State Secretariat for Economic Affairs, or SECO, showed on Friday.

The consumer sentiment index dropped to -35.0 in July from -33.0 in the corresponding month last year. Meanwhile, the index improved somewhat from -36 in June. The expected score was -34.0.

Among the four components, the sub-index measuring expected economic development worsened marginally to -37 from -36, and the index for personal financial outlook dropped to -31.5 from -27.9. Similarly, the past financial situation weakened to -43.9 from -40. 6.

Consumers considered the time less favorable for making major purchases, as the respective index fell to -27.2 from -26.1.