The KOF Economic Barometer for Switzerland rose 3.3 points to 97.1 in July 2019 from an upwardly revised 93.8 in June, beating market forecasts of 93. More favourable signals than before came from manufacturing, other services, accommodation and food service activities, financial and insurance services, and construction. In the goods producing sectors, all the indicators on the competitive situation and the number of employees strengthened. Within manufacturing, the outlook is more positive, namely for the electrical industry and food and beverages. On the other hand, the indicators for demand from abroad have a dampening effect. Business Confidence in Switzerland averaged 100.50 Index Points from 1991 until 2019, reaching an all time high of 119.30 Index Points in November of 2009 and a record low of 71.80 Index Points in December of 2008.
Business Confidence in Switzerland is expected to be 95.00 Index 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 98.00 in 12 months time. In the long-term, the Switzerland Business Confidence is projected to trend around 101.00 Index Points in 2020, according to our econometric models.