The KOF Economic Barometer in Switzerland fell by 1.4 points to 95 in January of 2019, missing market expectations of 97. It is the lowest reading since April of 2015, mainly due to negative developments within the manufacturing and the service industry. In addition, export prospects cloud over. On the other hand, indicators for the hotel and catering sector, the banking and insurance sector as well as the construction sector send positive signals. The KOF Economic Barometer declined for the fourth month in a row in January, remaining 5 points below its long-term average of 100.6. The economic outlook for Switzerland continues to dampen at the beginning of 2019. Business Confidence in Switzerland averaged 100.60 Index Points from 1991 until 2019, reaching an all time high of 119.10 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 98.50 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.