Switzerland’s Consumer Confidence Increases in January

Swiss consumer confidence rose to the highest since April 2011 as households grew more positive about the economic outlook.

An index based on a quarterly survey of about 1,200 households increased to minus 6 from minus 17 in October, the State Secretariat for Economic Affairs in Bern said in an e- mailed statement today. Economists had forecast a gain to minus 12, the median of nine estimates in a Bloomberg News survey showed.

A gauge measuring consumers’ assessment of the economic outlook in the next 12 months rose to zero from minus 23 in October, while a sub-indicator of future unemployment fell to 62 from 67, indicating a decrease.

To contact the reporter on this story: Zoe Schneeweiss in Zurich at zschneeweiss@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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