FX.co ★ Swiss Consumer Sentiment Improves to One-Year High

Switzerland’s consumer sentiment index edged up to -30 in January 2026 from -31 in December, in line with market expectations and reaching its highest level since January 2025. The overall improvement was underpinned by a more positive view of household finances, with the financial outlook rising to -26 from -28, as well as a better assessment of the past economic situation (-53 vs. -59) and past personal financial conditions (-37 vs. -39). The unemployment outlook also improved slightly, with that indicator easing to 59 from 64. By contrast, expectations for the broader economic outlook softened marginally, slipping to -34 from -32. On inflation, expectations for price growth over the next year moderated, while five-year inflation expectations ticked higher, suggesting a mixed perception of the longer-term inflation environment.