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.


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Switzerland Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
100.10 96.20 119.50 60.00 1991 - 2020 points Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-10-30 08:00 AM Oct 94.7 93.1 93.9 94.1
2019-11-29 08:00 AM Nov 93 94.8 95 95.5
2019-12-30 08:00 AM Dec 96.4 92.6 94.5 94
2020-01-30 08:00 AM Jan 100.1 96.2 97 97
2020-02-28 08:00 AM Feb 100.1 97.5 98
2020-03-30 07:00 AM Mar 97.9
2020-04-30 07:00 AM Apr
2020-05-29 07:00 AM May


News Stream
Swiss KOF Indicator Climbs to 16-Month High
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.
2020-01-30
Switzerland Business Confidence Recovers
The KOF Economic Barometer in Switzerland went up to 96.4 in December of 2019 from a downwardly revised 92.6 in the previous month which was the lowest since April of 2015. December figures were the strongest in 8 months and came well above market expectations of 94.5. The increase is primarily due to bundles of indicators from the manufacturing sector. Positive signals also came from indicators covering other services and foreign demand. Indicators concerning private consumption as well as hotel and catering activities showed a moderate increase. The barometer, which tended to fall during the year 2019, has thus fully recovered. However, it is still below its long-term average. The outlook for the Swiss economy at the beginning of 2020 is brightening somewhat, but remains subdued.
2019-12-30
Switzerland Business Indicator Lowest since 2015
The KOF Economic Barometer in Switzerland fell to 93 in November of 2019 from an upwardly revised 94.8 in the previous month and well below market expectations of 95. It is the lowest reading since April of 2015, mainly dragged down by negative signals from hotel and catering activities and from the banking and insurance sector. Indicators regarding foreign demand and other services also declined while indicators for the manufacturing sector remained almost unchanged. The KOF barometer is still well below its long-term average and the outlook for the Swiss economy remains subdued.
2019-11-29
Swiss KOF Economic Barometer Beats Forecasts
The KOF Economic Barometer in Switzerland rose to 94.7 in October 2019 from a downwardly revised 93.1 in the previous month and beating market consensus of 93.9. Banking & insurance sector as well as from accommodation & food service activities improved. Also, indicators regarding foreign demand and other services were slightly less negative than in September, while indicators from the manufacturing sector fell. In the goods producing sectors, the indicators on the number of employees and on barriers to production burden the development. Production is expected to develop somewhat more positively, albeit still below average. Within the manufacturing sector, the changes in the indicators for the metal industry, electrical industry & machinery and vehicle producers are negative while for the wood, glass, stone & earth industries, paper & printing and chemicals, pharmaceuticals & plastics industries improved.
2019-10-30

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.