Switzerland's leading KOF economic barometer jumped to 85.7 in July of 2020 from an upwardly revised 60.6 in June, beating market forecasts of 75. It is the highest reading in 4 months and the strongest monthly gain ever. However, it remains clearly below its long-term average of 99.4 and the economic prospects for the Swiss economy therefore remain subdued. Responsible for the current easing are primarily the indicator groups for the manufacturing sector, the other services sector and foreign demand. To a lesser extent, the indicators for private consumption, construction activity and the financial and insurance services sector are contributing to the improvement. Only the accommodation and food service activities cannot follow the broad positive development.

Business Confidence in Switzerland averaged 99.40 points from 1991 until 2020, reaching an all time high of 119.50 points in April of 2010 and a record low of 49.60 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 August of 2020.

Business Confidence in Switzerland is expected to be 76.00 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 87.00 in 12 months time. In the long-term, the Switzerland Business Confidence is projected to trend around 94.00 points in 2021 and 99.00 points in 2022, according to our econometric models.

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Switzerland Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
85.70 60.60 119.50 49.60 1991 - 2020 points Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-30 07:00 AM Apr 63.5 91.7 63.5 59.1
2020-05-29 07:00 AM May 53.2 59.7 70 69.1
2020-06-30 07:00 AM Jun 59.4 49.6 77 75.1
2020-07-30 07:00 AM Jul 85.7 60.6 75 74
2020-08-28 07:00 AM Aug 85.7
2020-09-30 07:00 AM Sep 76
2020-10-30 08:00 AM Oct
2020-11-30 08:00 AM Nov


News Stream
Swiss KOF Indicator Rises at Record Pace
Switzerland's leading KOF economic barometer jumped to 85.7 in July of 2020 from an upwardly revised 60.6 in June, beating market forecasts of 75. It is the highest reading in 4 months and the strongest monthly gain ever. However, it remains clearly below its long-term average of 99.4 and the economic prospects for the Swiss economy therefore remain subdued. Responsible for the current easing are primarily the indicator groups for the manufacturing sector, the other services sector and foreign demand. To a lesser extent, the indicators for private consumption, construction activity and the financial and insurance services sector are contributing to the improvement. Only the accommodation and food service activities cannot follow the broad positive development.
2020-07-30
Swiss KOF Indicator Bounces from Record Low
Switzerland's leading KOF economic barometer increased to 59.4 in June of 2020 from a downwardly revised 49.6 in May which was the lowest reading on record. However, with a value comparable to April, the barometer is still considerably below its long-term average of 99.4. The outlook for the manufacturing sector remains at a very low level, but is brightening up the strongest compared to other sectors. Also starting from a very low level, the sets of indicators from other services and construction are sending slightly more positive signals. By contrast, the prospects for the hospitality industry and those of consumers remain bleak. As a result, the prospects of the Swiss economy are very subdued, but brightening up somewhat compared to the previous months.
2020-06-30
Swiss KOF Indicator Reaches Record Low
Switzerland's leading KOF economic barometer fell to 53.2 in May of 2020 from a downwardly revised 59.7 in the previous month and well below market forecasts of 70. It is the lowest reading on record, due to the coronavirus pandemic. In fact, the strong decrease of the indicator in the last three months is more pronounced than, for example, during the financial crisis in 2008/2009. The Swiss economy is in a sharp recession. The manufacturing sector continues to have the strongest negative impact as well as indicators relating to foreign demand. By contrast, private consumption and the construction industry are sending slightly improved signals.
2020-05-29
Swiss Business Confidence Lowest since 2009
Switzerland's leading KOF economic barometer fell to 63.5 in April of 2020 from a downwardly revised 91.7 in the previous month and matching market estimates. That was the lowest reading since March of 2009, as all sectors of economy were heavy impacted by coronavirus including manufacturing industry and other services, accommodation and food service activities, foreign demand, construction, consumption and for financial and insurance service providers.
2020-04-30

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.