Switzerland's leading KOF economic barometer jumped to 85.7 in July of 2020 from an upwardly revised 60.6 in June, beating market forecasts of 75. It is the highest reading in 4 months and the strongest monthly gain ever. However, it remains clearly below its long-term average of 99.4 and the economic prospects for the Swiss economy therefore remain subdued. Responsible for the current easing are primarily the indicator groups for the manufacturing sector, the other services sector and foreign demand. To a lesser extent, the indicators for private consumption, construction activity and the financial and insurance services sector are contributing to the improvement. Only the accommodation and food service activities cannot follow the broad positive development.
Business Confidence in Switzerland averaged 99.40 points from 1991 until 2020, reaching an all time high of 119.50 points in April of 2010 and a record low of 49.60 points in May of 2020. This page provides the latest reported value for - Switzerland Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Switzerland Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020.
Business Confidence in Switzerland is expected to be 76.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Switzerland to stand at 87.00 in 12 months time. In the long-term, the Switzerland Business Confidence is projected to trend around 94.00 points in 2021 and 99.00 points in 2022, according to our econometric models.