Switzerland's leading KOF economic barometer increased to 59.4 in June of 2020 from a downwardly revised 49.6 in May which was the lowest reading on record. However, with a value comparable to April, the barometer is still considerably below its long-?term average of 99.4. The outlook for the manufacturing sector remains at a very low level, but is brightening up the strongest compared to the other sectors. Also starting from a very low level, the sets of indicators from other services and construction are sending slightly more positive signals. By contrast, the prospects for the hospitality industry and those of consumers remain bleak. As a result, the prospects of the Swiss economy are very subdued, but brightening up somewhat compared to the previous months.
Business Confidence in Switzerland averaged 99.44 points from 1991 until 2020, reaching an all time high of 119.50 points in April of 2010 and a record low of 49.60 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 July of 2020.
Business Confidence in Switzerland is expected to be 75.10 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 85.00 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.