Switzerland’s leading KOF economic barometer declined to 86.5 in August of 2022 from an upwardly revised 90.5 in July, and well below market forecasts of 89. It is a new low reading since July of 2020 and well below the long-term average of 99.6, pointing to a gloomy economic outlook for the Swiss economy. Consumer related indicators were the main drag but the manufacturing industry and the construction sectors are also sending negative signals, as supply chain bottlenecks continue and companies are facing recruitment problems. source: Swiss Economic Institute (KOF)

Business Confidence in Switzerland averaged 99.66 points from 1991 until 2022, reaching an all time high of 143.10 points in May of 2021 and a record low of 50.20 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 September of 2022.

Business Confidence in Switzerland is expected to be 108.00 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 105.00 points in 2023, according to our econometric models.

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Switzerland Business Confidence



Calendar GMT Actual Previous Consensus TEForecast
2022-07-29 07:00 AM Jul 90.1 95.2 95.2 94.9
2022-08-30 07:00 AM Aug 86.5 90.5 89 89.4
2022-09-30 07:00 AM Sep 86.5 84.5 82.9


Related Last Previous Unit Reference
Business Confidence 86.50 90.50 points Aug 2022
Capacity Utilization 85.23 85.41 percent Sep 2022

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
86.50 90.50 143.10 50.20 1991 - 2022 points Monthly
NSA

News Stream
Swiss KOF Indicator Continues to Fall
Switzerland’s leading KOF economic barometer declined to 86.5 in August of 2022 from an upwardly revised 90.5 in July, and well below market forecasts of 89. It is a new low reading since July of 2020 and well below the long-term average of 99.6, pointing to a gloomy economic outlook for the Swiss economy. Consumer related indicators were the main drag but the manufacturing industry and the construction sectors are also sending negative signals, as supply chain bottlenecks continue and companies are facing recruitment problems.
2022-08-30
Swiss KOF Barometer at 2-Year Low
Switzerland’s leading KOF economic barometer fell to 90.1 in July of 2022 from a downwardly revised 95.2 in the prior month, largely missing expectations of 95.2 and remaining below the average for the lowest reading since July of 2020. The gauge measuring manufacturing declined sharply, while notable declines in business activity were also seen in the hospitality industry as private consumption decreased across all sectors. On the other hand, indicators measuring construction and foreign demand outperformed and dampened the decline.
2022-07-29
Swiss KOF Barometer at 18-Month Low
Switzerland’s leading KOF economic barometer fell to 96.9 in June of 2022 from an upwardly revised 97.7 in the prior month, compared to market expectations of 96.3 and remaining below the average for the lowest reading since January of 2021. The gauge measuring manufacturing declined sharply, driven by lower activity for wood and paper goods and food and beverages. Foreign demand also decreased, dented by surging inflation and a strong franc. Looking forward, prospects for the Swiss economy remain subdued.
2022-06-30