Switzerland’s leading KOF economic barometer fell to 96.9 in June of 2022 from an upwardly revised 97.7 in the prior month, compared to market expectations of 96.3 and remaining below the average for the lowest reading since January of 2021. The gauge measuring manufacturing declined sharply, driven by lower activity for wood and paper goods and food and beverages. Foreign demand also decreased, dented by surging inflation and a strong franc. Looking forward, prospects for the Swiss economy remain subdued. 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 July of 2022.

Business Confidence in Switzerland is expected to be 96.40 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.

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Switzerland Business Confidence



Calendar GMT Actual Previous Consensus TEForecast
2022-05-30 07:00 AM May 96.8 103 102.3 103
2022-06-30 07:00 AM Jun 96.9 97.7 96.3 96.4
2022-07-29 07:00 AM Jul 96.9


Related Last Previous Unit Reference
Business Confidence 96.90 97.70 points Jun 2022
Capacity Utilization 85.41 84.29 percent Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
96.90 97.70 143.60 49.60 1991 - 2022 points Monthly
NSA

News Stream
Swiss KOF Barometer at 18-Month Low
Switzerland’s leading KOF economic barometer fell to 96.9 in June of 2022 from an upwardly revised 97.7 in the prior month, compared to market expectations of 96.3 and remaining below the average for the lowest reading since January of 2021. The gauge measuring manufacturing declined sharply, driven by lower activity for wood and paper goods and food and beverages. Foreign demand also decreased, dented by surging inflation and a strong franc. Looking forward, prospects for the Swiss economy remain subdued.
2022-06-30
Swiss KOF Barometer Misses Expectations
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.
2022-05-30
Swiss KOF Economic Barometer Beats Forecasts
Switzerland’s leading KOF economic barometer rose to 101.7 in April of 2022 from a downwardly revised 99.2 in March, beating market expectations of 99.4 and returning above the long-term average of 100 again. Overall, the outlook for the Swiss economy is therefore rather favourable in the short term. The accommodation and food service activities and the other services sector contributed positively to the barometer, while the indicators for foreign demand were the strongest drag. This contrast highlights the tension between Corona easing and international burdens, especially the Ukraine war. The other indicator bundles, for consumption, manufacturing, construction and financial and insurance services, are moving slightly downwards.
2022-04-29