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. source: Swiss Economic Institute (KOF)

Business Confidence in Switzerland averaged 99.21 points from 1991 until 2021, reaching an all time high of 143.70 points in May of 2021 and a record low of 51.70 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 July of 2021.

Business Confidence in Switzerland is expected to be 145.10 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 109.00 in 12 months time. 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
133.40 143.70 143.70 51.70 1991 - 2021 points Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-03-30 07:00 AM Mar 117.8 102.6 104.6 104
2021-04-30 07:00 AM Apr 134 118 119.5 119.1
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 133.4 130 127
2021-08-30 07:00 AM Aug
2021-09-30 07:00 AM Sep
2021-10-29 07:00 AM Oct


News Stream
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
Swiss KOF Barometer at a Historical High
The KOF Economic Barometer in Switzerland rose by 16 points to 134 in April of 2021 from an upwardly revised 118 in March, easily beating market expectations of 119.5. It is the highest reading since the series began in 1991, signaling a strong economic recovery in the near future. Manufacturing led the positive development amid more favorable international demand. Also, the outlook for other services, financial and insurance services and consumer demand also brightened considerably and the outlook for construction is slightly better than in the previous month. Meantime, accommodation and food service activities showed hardly any change overall.
2021-04-30
Swiss KOF Barometer Jumps to 2010-Highs
The KOF Economic Barometer in Switzerland jumped to 117.8 in March of 2021 from a downwardly revised 102.6 in February, beating market forecasts of 104.6. It is the strongest reading since June of 2010, signalling a rapid recovery for the next few months. This is largely due to manufacturing indicators, namely metal industry, followed by the textile and chemical industries and then by mechanical engineering and the paper industry. The other groups of indicators, both for domestic and foreign demand, all signal a positive development, albeit significantly weaker.
2021-03-30

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.