8 November 2001, 10:41 Swiss Q3 consumer confidence down 29 at minus 17 vs Q2
ZURICH (AFX) - The Swiss third quarter consumer confidence index
posted its largest drop since the Gulf War, losing 29 points to minus
17 against the second quarter, said the Swiss economics ministry.
The index nonetheless stays above the levels reached between Oct
1990 and 1997, it said.
It is particularly the sub index over the 12 month outlook which
has taken a blow, falling to minus 51 from plus 24, it said.
Swiss households nevertheless continue to judge their budgetary
situation as satisfactory. They are however less inclined to make large
purchases right now, it said.
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