The KOF Economic Barometer in Switzerland declined to 113.5 in August of 2021 from an upwardly revised 130.9 in July and below market expectations of 125. It is the third consecutive fall from a record value in May but is still significantly higher than the long-term average suggesting the economic recovery from the consequences of the coronavirus pandemic was set to continue in the months ahead. All indicator groups except those from the construction industry contributed to this decline in August. source: Swiss Economic Institute (KOF)

Business Confidence in Switzerland averaged 99.37 points from 1991 until 2021, reaching an all time high of 143.60 points in May of 2021 and a record low of 51.50 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 2021.

Business Confidence in Switzerland is expected to be 118.00 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 107.00 points in 2022 and 105.00 points in 2023, according to our econometric models.

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Switzerland Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
113.50 130.90 143.60 51.50 1991 - 2021 points Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-05-28 07:00 AM May 143.2 136.4 136 136
2021-06-30 07:00 AM Jun 133.4 143.7 144.7 145.1
2021-07-30 07:00 AM Jul 129.8 133.3 130 127
2021-08-30 07:00 AM Aug 113.5 130.9 125 124
2021-09-30 07:00 AM Sep 113.5 111
2021-10-29 07:00 AM Oct
2021-11-30 08:00 AM Nov
2021-12-30 08:00 AM Dec


News Stream
Swiss KOF Barometer Down for 3rd Month
The KOF Economic Barometer in Switzerland declined to 113.5 in August of 2021 from an upwardly revised 130.9 in July and below market expectations of 125. It is the third consecutive fall from a record value in May but is still significantly higher than the long-term average suggesting the economic recovery from the consequences of the coronavirus pandemic was set to continue in the months ahead. All indicator groups except those from the construction industry contributed to this decline in August.
2021-08-30
Swiss KOF Barometer Falls for 2nd Month
The KOF Economic Barometer in Switzerland fell to 129.8 in July of 2021 from a downwardly revised 133.3 in June and in line with market forecasts of 130. It is the second consecutive fall from a record value in May but the barometer remained clearly above the long-?term average of 99.3. The outlook for manufacturing, foreign demand, construction, financial and insurance services as well as private consumption remains favourable but is not quite as positive as in the previous month. In contrast, the outlook for accommodation and food service activities and for other services is improving. The economy is still on a strong expansion path, although the high pace of recent months may not to be sustained.
2021-07-30
Swiss KOF Barometer Falls from Records
The KOF Economic Barometer in Switzerland fell to 133.4 in June of 2021 from a record high of 143.7 in May, below forecasts of 144.7. The strong rise of the barometer in the last months is now replaced by a corrective movement although it still lies well above its long-?term average of 99.2. The decline is mainly driven by indicator bundles for the manufacturing and accommodation and food service activities, foreign demand and the financial and insurance services. Still, prospects for the Swiss economy remain very positive, provided that the economy is not severely affected by a renewed spread of the coronavirus.
2021-06-30
Swiss KOF Barometer Breaks Fresh Record
The KOF Economic Barometer in Switzerland jumped to a fresh record of 143.2 in May of 2021 from 136.4 in April and well above forecasts of 136. The reading reached record high levels for the second straight month, a sign the outlook for the Swiss economy for the middle of 2021 is very positive, provided that the containment of the virus continues. The strong increase is due to the bundles of indicators from the manufacturing sector and foreign demand. An additional positive signal is given by indicators from the hospitality industry, followed by indicators from the other services sector. Private consumption, on the other hand, sends slight negative impulses.
2021-05-28

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.