Weakening in Consumer Confidence
Bern, 8.8.2012 - The consumer confidence survey conducted for the State Secretariat for Economic Affairs (SECO) showed a slight deterioration between April and July. The index, calculated on the basis of a quarterly survey*, reached -17 points in July 2012 (compared with -8 in April). This fall in consumer confidence is attributable to the more pessimistic expectations with regard to future economic development, together with an anticipated more pronounced rise in unemployment.