Switzerland’s KOF Economic Barometer dropped to 96.1 in March 2026, the lowest level since June 2025, down from a revised 103.8 in February and below expectations of 102. The weaker outlook is reflected across both the production and demand components of the barometer, with manufacturing and external demand indicators showing particularly sharp declines. Within the producing sector, which includes manufacturing and construction, most business activity indicators point to deterioration, especially those related to exports, overall business conditions, and order backlogs, all of which remain under pressure. Sentiment in manufacturing is broadly negative. While indicators for food and beverages show slight improvement, those for machinery and equipment, the electrical sector, metals, and paper and printing are weakening more significantly. source: Swiss Economic Institute (KOF)

Business Confidence in Switzerland decreased to 96.10 points in March from 103.80 points in February of 2026. 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 57.10 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 April of 2026.

Business Confidence in Switzerland decreased to 96.10 points in March from 103.80 points in February of 2026. 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
2026-02-27 08:00 AM
KOF Leading Indicators
Feb 104.2 103.3 103 102.2
2026-03-30 07:00 AM
KOF Leading Indicators
Mar 96.1 103.8 102 102.2
2026-04-30 07:00 AM
KOF Leading Indicators
Apr 96.1


Related Last Previous Unit Reference
Bankruptcies 17036.00 15447.00 Companies and Individuals Dec 2024
KOF Leading Indicators 96.10 103.80 points Mar 2026
Car Registrations 15651.00 14065.00 Units Feb 2026
Changes in Inventories 7732.00 5684.00 CHF Million Dec 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 -35.00 9.80 points Mar 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
96.10 103.80 129.50 57.10 1991 - 2026 points Monthly
NSA

News Stream
Swiss Economic Barometer Lowest in 9 Months
Switzerland’s KOF Economic Barometer dropped to 96.1 in March 2026, the lowest level since June 2025, down from a revised 103.8 in February and below expectations of 102. The weaker outlook is reflected across both the production and demand components of the barometer, with manufacturing and external demand indicators showing particularly sharp declines. Within the producing sector, which includes manufacturing and construction, most business activity indicators point to deterioration, especially those related to exports, overall business conditions, and order backlogs, all of which remain under pressure. Sentiment in manufacturing is broadly negative. While indicators for food and beverages show slight improvement, those for machinery and equipment, the electrical sector, metals, and paper and printing are weakening more significantly.
2026-03-30
Switzerland Economic Barometer Highest Since 2024
Switzerland’s KOF Economic Barometer went up to 104.2 in February 2026, the highest since August 2024, following an upwardly revised 103.3 in January and beating forecasts of 103. The reading showed that the positive outlook for the Swiss economy is reinforced. Both the indicator bundles for consumption as well as for foreign demand show a favourable outlook. The developments among the production side indicator bundles are mixed. In particular, the indicator bundle for manufacturing is experiencing a setback. Within the producing industry (manufacturing and construction), the sub-indicators for stockpiling of intermediate goods as well as for the general business situation are particularly under pressure. These negative developments are, inter alia, cushioned by a more favourable outlook for the sub-indicators for employment prospects and for exports.
2026-02-27
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