Swiss consumer confidence held steady and negative in February, monthly survey results from the State Secretariat for Economic Affairs, or SECO, showed on Monday.
The consumer sentiment index stood at -30 in February, the same as in the previous month. The expected score was -29.
Nonetheless, the index improved from the previous year’s reading of -34.0.
Among the four components, three of them improved from last year’s level. The economic outlook index improved to -31.0 from -37.0 from last year and from -34.0 in January.
The sub-indexes for past financial situation and timing of major purchases strengthened from the past year’s level, while the indicator for expected financial situation was broadly unchanged.
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