Swiss Business Confidence Weakens

2025-08-28 07:50 By Judith Sib-at 1 min. read

The KOF Economic Barometer in Switzerland fell to 97.4 in August 2025, from an upwardly revised 101.3 in July and below market forecasts of 98.

Most of the indicator bundles included in the barometer contributed to the downturn, with the outlook for manufacturing and hospitality particularly dampened.

Within the producing sector (manufacturing and construction), sub-indicators for various aspects of business activity all showed negative developments, with exports and the overall business situation coming under the greatest pressure—largely due to the new US tariffs on Swiss goods that that took effect earlier this month.

This negative trend, however, were partly offset by the indicator bundle for foreign demand, which showed an improved outlook for the month.



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