Switzerland’s leading KOF economic barometer fell to 96.8 in May of 2022 from an upwardly revised 103 in the previous month, missing market expectations of 102.3 and dropping below the long-term average for the lowest reading January of 2021. The manufacturing and construction sectors made the sharpest negative contributions to the indicator, with producers reporting significant obstacles to production activity, while order and export levels were relatively unchanged. Production in the paper and textile producing industries lost the most, while metal producers sent a positive signal. Looking forward, the Swiss economy is likely to expected to develop in a softened pace. source: Swiss Economic Institute (KOF)
Business Confidence in Switzerland averaged 99.71 points from 1991 until 2022, reaching an all time high of 143.60 points in May of 2021 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 June of 2022.
Business Confidence in Switzerland is expected to be 110.00 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.