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.