The KOF Economic Barometer in Switzerland rose to 104.3 in December of 2020 from an upwardly revised 103.7 in the previous month, beating market expectations of 100.5. The slight increase is driven by bundles of indicators from the manufacturing sector and private consumption. An additional positive signal is sent by indicators for the financial and insurance service sector. By contrast, negative impulses are coming from indicators for foreign demand. The KOF Economic Barometer remains virtually unchanged at the end of the year. The sharp declines that the barometer underwent in early 2020 have been offset by a rapid recovery during the summer. The barometer already reached a value above its long-term average again in August and was able to maintain this level during the second half of the year. However, the prospects for the Swiss economy remain subdued at the beginning of 2021 due to the ongoing pandemic. source: Swiss Economic Institute (KOF)

Business Confidence in Switzerland averaged 98.84 points from 1991 until 2020, reaching an all time high of 131.50 points in March of 2010 and a record low of 52.30 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 2021.

Business Confidence in Switzerland is expected to be 100.00 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 92.00 in 12 months time. In the long-term, the Switzerland Business Confidence is projected to trend around 94.00 points in 2021 and 99.00 points in 2022, according to our econometric models.

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Switzerland Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
104.30 103.70 131.50 52.30 1991 - 2020 points Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-09-30 07:00 AM Sep 113.8 110.2 106 107
2020-10-30 08:00 AM Oct 106.6 110.1 107 109
2020-11-30 08:00 AM Nov 103.5 106.3 101 101.5
2020-12-30 08:00 AM Dec 104.3 103.7 100.5 100
2021-01-29 08:00 AM Jan 104.3 104.8
2021-02-26 08:00 AM Feb
2021-03-30 07:00 AM Mar
2021-04-30 07:00 AM Apr


News Stream
Swiss KOF Economic Barometer Beats Forecasts
The KOF Economic Barometer in Switzerland rose to 104.3 in December of 2020 from an upwardly revised 103.7 in the previous month, beating market expectations of 100.5. The slight increase is driven by bundles of indicators from the manufacturing sector and private consumption. An additional positive signal is sent by indicators for the financial and insurance service sector. By contrast, negative impulses are coming from indicators for foreign demand. The KOF Economic Barometer remains virtually unchanged at the end of the year. The sharp declines that the barometer underwent in early 2020 have been offset by a rapid recovery during the summer. The barometer already reached a value above its long-term average again in August and was able to maintain this level during the second half of the year. However, the prospects for the Swiss economy remain subdued at the beginning of 2021 due to the ongoing pandemic.
2020-12-30
Switzerland KOF Indicator Falls for 2nd Month
The KOF Economic Barometer in Switzerland fell for the second month to 103.5 in November of 2020 from a downwardly revised 106.3 in October but above market expectations of 101. The biggest downward pressure came from indicators related to the manufacturing sector and private consumption followed by foreign demand and the other services. By contrast, indicators for accommodation and food service activities, the construction industry and the financial and insurance services sector remained virtually constant. The KOF indicator is moving towards its long-term average of 98.8, which means that the outlook for the Swiss economy remains subdued also in view of the current pandemic situation.
2020-11-30
Swiss KOF Economic Barometer Falls in October
The KOF Economic Barometer in Switzerland dropped by 3.5 points from the previous month to 106.6 in October 2020, below market expectations of 107.0, in particular due to negative developments of the indicator bundles of the economic sector other services, the accommodation and food service activities and foreign demand. In addition, indicators relating to the manufacturing sector also recorded a decline. By contrast, private consumption and the construction sector remained virtually stable relative to the previous month.
2020-10-30
Swiss KOF Indicator Strongest in Over 10 Years
Switzerland's leading KOF economic barometer rose to 113.8 in September 2020 from 110.2 in the previous month and beating market expectations of 106. It is the highest reading since June 2010 and above the long-term average of 99.4. The September gain reflects an improvement in a bundle of indicators, including hotel and restaurant industry, foreign demand, manufacturing and private consumption. On the negative side construction industry underperformed. According to the data, the Swiss economy is taking a V-shaped course, so that a recovery can be expected for the time being. However, a second wave of coronavirus infections could lead to a sharp revision of this assessment.
2020-09-30

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.