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Swiss Consumer Confidence Remains Unchanged in October

Nov. 6 (Bloomberg) -- Swiss consumer confidence remained unchanged in October even as households grew more pessimistic about the economic outlook and the labor market.

An index based on a quarterly survey of about 1,100 households stayed at minus 17, the State Secretariat for Economic Affairs in Bern said in an e-mailed statement today. Economists had forecast a retreat to minus 21, the median of 12 estimates in a Bloomberg News survey showed.

A gauge measuring consumers’ assessment of the development of the overall economic situation in the next 12 months fell to minus 23 from minus 20 in July, while a sub-indicator of future unemployment rose to 67 from 62, indicating an increase.

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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