Switzerland’s consumer morale has improved in October from a year earlier, though at a lesser pace than expected.
The index of consumer confidence came in at a reading of -37 in October, up from -52.5 in the same month a year ago.
Market consensus had pointed to an improvement to -33.
The sub-index of economic expectations went up to -30.1 in October from -51.9 in October last year, suggesting a less negative outlook regarding future economic conditions.
The sub-index of personal finance expectations also improved in October, to -33.6 from -52.4 in October last year.
And, the assessment of whether it is a good time to make major purchases also brightened, with the respective gauge rising to -31.5 from -41 a year ago.
The EUR/CHF currency pair settled 0.43% lower at 0.9377 on Friday. For the week, the minor currency pair went down 0.47%.
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