The KOF Economic Barometer in Switzerland rose to 102.7 in February of 2021 from 96.5 in the previous month and beating market expectations of 96.6. The increase was driven by bundles of indicators from services and the manufacturing sector. Meantime, the prospects for the other economic activities recorded in the barometer have hardly changed compared to January. The KOF indicator came in slightly above its long-term average of 100, which means that the outlook for the Swiss economy has improved. source: Swiss Economic Institute (KOF)

Business Confidence in Switzerland averaged 98.84 points from 1991 until 2021, reaching an all time high of 131.50 points in March of 2010 and a record low of 52.30 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 March of 2021.

Business Confidence in Switzerland is expected to be 95.00 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 94.00 in 12 months time. In the long-term, the Switzerland Business Confidence is projected to trend around 99.00 points in 2022, according to our econometric models.

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Switzerland Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
102.70 96.50 131.50 52.30 1991 - 2021 points Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-30 08:00 AM Nov 103.5 106.3 101 101.5
2020-12-30 08:00 AM Dec 104.3 103.7 100.5 100
2021-01-29 08:00 AM Jan 96.5 104.1 102 103.2
2021-02-26 08:00 AM Feb 102.7 96.5 96.6 97.2
2021-03-30 07:00 AM Mar 102.7
2021-04-30 07:00 AM Apr
2021-05-28 07:00 AM May
2021-06-30 07:00 AM Jun


News Stream
Swiss KOF Economic Barometer Beats Forecasts
The KOF Economic Barometer in Switzerland rose to 102.7 in February of 2021 from 96.5 in the previous month and beating market expectations of 96.6. The increase was driven by bundles of indicators from services and the manufacturing sector. Meantime, the prospects for the other economic activities recorded in the barometer have hardly changed compared to January. The KOF indicator came in slightly above its long-term average of 100, which means that the outlook for the Swiss economy has improved.
2021-02-26
Swiss KOF Barometer Lowest in 6 Months
The KOF Economic Barometer in Switzerland fell to 96.5 in January of 2021 from a downwardly revised 104.1 in the previous month and much worse than market expectations of 102. It is the lowest reading since July as COVID-19 pandemic is causing gloomy economic prospects at the beginning of the year. Responsible for the decline are mostly accommodation and food service activities as well as other services. But the outlook for manufacturing, financial and insurance services and private consumer demand is also less favourable than before. The outlook for construction is stable and foreign demand could provide a stronger impulse.
2021-01-29
Swiss KOF Economic Barometer Beats Forecasts
The KOF Economic Barometer in Switzerland rose to 104.3 in December of 2020 from an upwardly revised 103.7 in the previous month, beating market expectations of 100.5. The slight increase is driven by bundles of indicators from the manufacturing sector and private consumption. An additional positive signal is sent by indicators for the financial and insurance service sector. By contrast, negative impulses are coming from indicators for foreign demand. The KOF Economic Barometer remains virtually unchanged at the end of the year. The sharp declines that the barometer underwent in early 2020 have been offset by a rapid recovery during the summer. The barometer already reached a value above its long-term average again in August and was able to maintain this level during the second half of the year. However, the prospects for the Swiss economy remain subdued at the beginning of 2021 due to the ongoing pandemic.
2020-12-30
Switzerland KOF Indicator Falls for 2nd Month
The KOF Economic Barometer in Switzerland fell for the second month to 103.5 in November of 2020 from a downwardly revised 106.3 in October but above market expectations of 101. The biggest downward pressure came from indicators related to the manufacturing sector and private consumption followed by foreign demand and the other services. By contrast, indicators for accommodation and food service activities, the construction industry and the financial and insurance services sector remained virtually constant. The KOF indicator is moving towards its long-term average of 98.8, which means that the outlook for the Swiss economy remains subdued also in view of the current pandemic situation.
2020-11-30

Switzerland Business Confidence
In Switzerland, the KOF Swiss Economic Institute economic barometer measures the level of optimism that people who run companies have about the performance of the economy and how they feel about their organizations’ prospects. The KOF economic barometer is based on a multi-sectoral design with three modules. The 2014 version comprises 219 indicator variables, which are combined based on statistically determined weights. The most important module is GDP, which excludes construction and banking sectors and accounts for more than 90% of Swiss GDP.