The KOF Economic Barometer in Switzerland decreased by 1.1 points to 99.1 in November 2018, missing market expectations of 99.5, due in particular to less favourable export prospects. In addition, the development in the banking and insurance sector may lose some of its momentum. By contrast, slight support for the economy will come from the construction sector and private consumption. The manufacturing sector in particular is also resisting the downward tendency. The indicators for the manufacturing sector have developed positively overall. Business Confidence in Switzerland averaged 100.63 Index Points from 1991 until 2018, reaching an all time high of 119.20 Index Points in November of 2009 and a record low of 70.70 Index Points in December of 2008.
Business Confidence in Switzerland is expected to be 100.50 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 105.00 in 12 months time. In the long-term, the Switzerland Business Confidence is projected to trend around 105.00 Index Points in 2020, according to our econometric models.