Switzerland's leading KOF economic barometer fell to 107.0 in December 2021 from a downwardly revised 107.5 in the previous month, but remaining above market expectations of 106.4. The latest reading was the lowest since February, but it still suggested the Swiss economy should continue to develop positively at the beginning of 2022. Indicators covering private consumption and the finance and insurance sector contributed negatively to the barometer. In contrast, indicators for foreign demand contributed positively. source: Swiss Economic Institute (KOF)

Business Confidence in Switzerland averaged 99.67 points from 1991 until 2021, reaching an all time high of 143.60 points in May of 2021 and a record low of 49.50 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 January of 2022.

Business Confidence in Switzerland is expected to be 106.70 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


Calendar GMT Actual Previous Consensus TEForecast
2021-11-30 08:00 AM Nov 108.5 110.2 109 109.2
2021-12-30 08:00 AM Dec 107.0 107.5 106.4 106.7
2022-01-28 08:00 AM Jan 107.0 106.5


Related Last Previous Unit Reference
Business Confidence 107.00 107.50 points Dec/21
Capacity Utilization 84.91 83.92 percent Dec/21

News Stream
Swiss KOF Economic Barometer at 10-Month Low
Switzerland's leading KOF economic barometer fell to 107.0 in December 2021 from a downwardly revised 107.5 in the previous month, but remaining above market expectations of 106.4. The latest reading was the lowest since February, but it still suggested the Swiss economy should continue to develop positively at the beginning of 2022. Indicators covering private consumption and the finance and insurance sector contributed negatively to the barometer. In contrast, indicators for foreign demand contributed positively.
2021-12-30
Swiss KOF Barometer Falls for 6th Month
The KOF Economic Barometer in Switzerland fell to 108.5 in November of 2021 from a downwardly revised 110.2 in October and compared with market expectations of 109. It is the sixth consecutive decline since a record value of 143.6 hit in May but the barometer remains above the long-term average. The downturn is being driven by bundles of indicators for the hospitality industry. The bundles of indicators for the other services sector, private consumption and manufacturing, on the other hand, point in a positive direction. The outlook for the Swiss economy remains positive, provided that economic activity is not adversely affected by the virus spreading again.
2021-11-30
Swiss KOF Barometer Beats Market Forecasts
The KOF Economic Barometer in Switzerland fell to 110.7 in October of 2021 from an upwardly revised 111 in September and compared with market expectations of 108.2. It is the fifth consecutive decline since a record value of 143.6 hit in May, but still sits well above the long-term average. Improvements in the hospitality industry were offset by deteriorating in the sub-indices of the manufacturing industry, the economic sector of other services, foreign demand, and the financial and insurance service providers. Within the manufacturing industries, almost all segments saw declines, notably the mechanical engineering and vehicle manufacturing, the chemicals, the pharmaceuticals and plastics, and the textiles sectors. On the other hand, there were improvements in the paper and printing segment.
2021-10-29

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.