The KOF Economic Barometer in Switzerland rose 4.4 points from a month earlier to 97.4 in March 2019, the highest level since November and well above market expectations of 93.9. This was predominantly due to positive impulses from the manufacturing industry, mostly driven by the electrical industry, followed by the metal industry, mechanical engineering and the textile industry. However, the recovery also extended to the other components of the barometer. Business Confidence in Switzerland averaged 100.56 Index Points from 1991 until 2019, reaching an all time high of 119.30 Index Points in November of 2009 and a record low of 71.80 Index Points in December of 2008.
Business Confidence in Switzerland is expected to be 96.50 Index 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 105.00 in 12 months time. In the long-term, the Switzerland Business Confidence is projected to trend around 101.00 Index Points in 2020, according to our econometric models.