Switzerland’s KOF Economic Barometer declined to 102.5 in January 2026, down from an upwardly revised 103.6 in December and below market expectations of 103.0. The slowdown was driven mainly by weaker indicator bundles for hospitality and construction. In contrast, indicator bundles for manufacturing and financial and insurance services showed improvement. Within the broader producing sector, which includes manufacturing and construction, employment expectations, assessments of production constraints, as well as profit, and export indicators remained under pressure. However, the outlook for the general business situation and competitive conditions improved. Manufacturing signals were mixed overall. Indicators for the electrical industry and the wood, glass, stone, and earth segment weakened, while indicators for machinery and equipment, the metal industry, and paper and printing products pointed to a more upbeat outlook. source: Swiss Economic Institute (KOF)

Business Confidence in Switzerland decreased to 102.50 points in January from 103.60 points in December of 2025. Business Confidence in Switzerland averaged 100.64 points from 1991 until 2026, reaching an all time high of 129.50 points in April of 2021 and a record low of 57.00 points in April 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 February of 2026.

Business Confidence in Switzerland decreased to 102.50 points in January from 103.60 points in December of 2025. Business Confidence in Switzerland is expected to be 102.20 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Switzerland Business Confidence is projected to trend around 102.50 points in 2027 and 101.00 points in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-30 08:00 AM
KOF Leading Indicators
Dec 103.4 101.7 101.4 101.5
2026-01-30 08:00 AM
KOF Leading Indicators
Jan 102.5 103.6 103 103.2
2026-02-27 08:00 AM
KOF Leading Indicators
Feb 102.5 102 102.8


Related Last Previous Unit Reference
Bankruptcies 17036.00 15447.00 Companies and Individuals Dec 2024
KOF Leading Indicators 102.50 103.60 points Jan 2026
Car Registrations 14065.00 26146.00 Units Jan 2026
Changes in Inventories 6890.09 5042.51 CHF Million Sep 2025
Corruption Index 80.00 81.00 Points Dec 2025
Corruption Rank 6.00 5.00 Dec 2025
Industrial Production YoY -0.70 2.00 percent Dec 2025
Industrial Production Mom -3.30 -0.80 percent Dec 2025
Manufacturing Production 0.50 4.50 percent Dec 2025
Mining Production 0.50 11.80 percent Dec 2025
Economic Sentiment Index -4.70 6.20 points Jan 2026


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.
Actual Previous Highest Lowest Dates Unit Frequency
102.50 103.60 129.50 57.00 1991 - 2026 points Monthly
NSA

News Stream
Switzerland KOF Economic Barometer Slips in January
Switzerland’s KOF Economic Barometer declined to 102.5 in January 2026, down from an upwardly revised 103.6 in December and below market expectations of 103.0. The slowdown was driven mainly by weaker indicator bundles for hospitality and construction. In contrast, indicator bundles for manufacturing and financial and insurance services showed improvement. Within the broader producing sector, which includes manufacturing and construction, employment expectations, assessments of production constraints, as well as profit, and export indicators remained under pressure. However, the outlook for the general business situation and competitive conditions improved. Manufacturing signals were mixed overall. Indicators for the electrical industry and the wood, glass, stone, and earth segment weakened, while indicators for machinery and equipment, the metal industry, and paper and printing products pointed to a more upbeat outlook.
2026-01-30
Swiss Economic Barometer Hits 15-Month High
Switzerland’s KOF Economic Barometer rose by 1.7 points to 103.4 in December 2025, reaching its highest level since September 2024 and exceeding market expectations of 101.4. The positive trend is particularly evident on the production side, with the indicator bundles for manufacturing showing a favorable outlook. In contrast, the bundles for private consumption and foreign demand remain under pressure. Within the producing industries (manufacturing and construction), most sub-indicators, including employment prospects, stockpiling of intermediate goods, and the general business situation, point to a bright outlook. However, sub-indicators for production activity and order backlogs are weakening. Many sub-indicators within manufacturing reflect positive developments, especially those for the metal industry and the wood, glass, stone, and earth segment. However, this is slightly tempered by weaker sub-indicators for food and beverage producers and chemical and pharmaceutical industries.
2025-12-30
Swiss KOF Economic Barometer Rises Further
Switzerland’s KOF Economic Barometer rose to 101.7 in November 2025 from 101.5 in October, slightly above market expectations of 101.5. This was the highest level since March and remains above the medium-term average, indicating a continued improvement in the economic outlook. Indicator bundles for foreign demand and private consumption show a favorable trend. However, on the production side, the indicators for financial and insurance services and construction weakened. In the producing industries (manufacturing and construction), many indicators showed negative developments, particularly employment prospects and stocks of intermediate goods, though these were partly offset by a positive outlook for exports. Within manufacturing, the outlook is mixed. the chemical and pharmaceutical industries showed improving momentum, while the paper and printing and metal sectors deteriorates.
2025-11-28