Swiss Consumer Confidence Weakens In May
Consumers in Switzerland remained slightly more negative in May, monthly survey results from the State Secretariat for Economic Affairs, or SECO, showed on Monday.
The consumer sentiment index dropped to -38.1 in April from -36.5 in the corresponding month last year. The score was expected to remain stable at -38.
Among the four components, the sub-index measuring expected economic development worsened to -45.9 from -42.9, and the index for personal financial outlook dropped to -33.8 from -30.3. Meanwhile, the past financial situation improved somewhat, and the respective index rose to -44.2 from -44. 8.
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