Switzerland's leading KOF economic barometer rose to 100.1 in January 2020 from a revised 96.2 points in the previous month, well above market expectations of 97.0. That was the highest reading since September 2018, as the indicator bundle for manufacturing was no longer as unfavourable as before and the prospects for other services have improved. In addition, the changes in the indicators for foreign demand, accommodation and food service activities, financial and insurance services and construction were slightly positive. The private consumption prospects were practically unchanged.
Business Confidence in Switzerland averaged 99.83 points from 1991 until 2020, reaching an all time high of 119.50 points in April of 2010 and a record low of 60 points in February of 2009. 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.
Business Confidence in Switzerland is expected to be 97.90 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 100.00 in 12 months time. In the long-term, the Switzerland Business Confidence is projected to trend around 101.00 points in 2021, according to our econometric models.