SECO consumer climate index for Switzerland remains unchanged at -6 in the first quarter

Market news

7 May 2015

SECO consumer climate index for Switzerland remains unchanged at -6 in the first quarter

The State Secretariat for Economic Affairs (SECO) released its consumer climate index for Switzerland on Thursday. The SECO consumer climate index remained unchanged at -6 in the first quarter.

The future economic expectations subindex rose to -8 in the first quarter from -12 in the fourth quarter.

The unemployment trends subindex declined to 51 in the first quarter from 52 in the fourth quarter.

The assessment of previous economic trends subindex dropped to -22 in the first quarter from +1 in the fourth quarter.

The price trends over the last twelve months plunged to -3 in the first quarter from +32 in the fourth quarter, while the future price trends subindex declined to +6 from +29.

Gold price traded lower traded lower on a stronger greenback, higher government bonds yields and the uncertainty around the first interest rate hike by the Fed

Atlanta Federal Reserve bank President Dennis Lockhart: the interest rate hike in the middle of the year will be appropriate

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