Consumer expenditure growth remains strong in Switzerland in October

The Consumer Spending Index (CSI) Switzerland grew by 4.2% in October 2025 compared to the same month in the previous year. The increase was driven by higher spending in the category Retail: Food, beverage, tobacco (+7.3%).

Compared to September 2025, spending in the category Accommodation has been no longer declining, showing a small increase (+1.7%). Especially Ticino (+13.8%) experienced stronger yearly spending growth in Accommodation compared to the previous month (-2.7%).

The growth in overall spending was broad-based across Swiss regions and especially pronounced in e-commerce (+7.2%).

A detailed overview and the underlying data are available here: Consumer Spending Index.

Consumer Spending Index (CSI) Switzerland

The CSI Switzerland is a joint initiative of the University of St.Gallen and its research partner Worldline Switzerland AG. The high-frequency index is granular across regions and broad product categories and allows for a consistent analysis over multiple years. It is updated monthly.

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