RTTNews - Swiss consumer confidence deteriorated to minus 42 in the third quarter from minus 38 in the prior quarter, a survey from the State Secretariat for Economic Affairs revealed Thursday. The reading matched economists' expectations.
Among sub-indicators, the estimate of the financial situation of households over the last twelve months eased to minus 16 and the assessment of general economic situation over the past twelve months stood at minus 100 points, down from minus 96 in the previous quarter. The development of the household budget for the coming 12 months was also less favorably evaluated.
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