Consumer confidence in Switzerland fell significantly in October 2026, reaching its lowest level since November 2023. According to data published by the State Secretariat for Economic Affairs of Switzerland (SECO), the consumer confidence index dropped to minus 44.9 points.
In the same period last year, it had been minus 36.9 points. The decline is also visible compared with September, when the index stood at minus 36.5 points. This reinforces the negative trend in citizens’ views of their financial situation and their ability to spend.
This development also affects Albanian families who live and work in Switzerland. They may be affected in planning their household budgets, major purchases and savings, as seen from SECO’s data. With the October result, consumer confidence has approached its November 2023 value, when the index had fallen to minus 48 points.
This marks the lowest level in almost three years. The decline in confidence reflects families’ uncertainty about personal finances and their willingness to spend. According to data published by SECO, this is a worrying signal for the Swiss economy.
The assessment of citizens’ financial situation is particularly concerning. The index measuring the past financial situation has fallen to minus 53.8 points, while the one for future financial expectations has reached minus 44.7 points. Both indicators have dropped by more than 10 points compared with October 2025.
This shows a significant deterioration in consumers’ perception of their personal economy. Meanwhile, expectations for overall economic development have remained almost unchanged, with a slight improvement of 0.9 points, reaching minus 48.2 points, according to the same data.
The consumer confidence index is published monthly by SECO, based on an online survey. During October, 2,717 people over the age of 16 took part, responding in German, French or Italian. The data constitute a worrying signal for the Swiss economy, as they reflect families’ uncertainty about personal finances and their willingness to spend, according to SECO.
For Albanians living in Switzerland, this situation may affect the planning of household budgets, major purchases and savings, as seen from the latest data published by the State Secretariat for Economic Affairs of Switzerland.