The KOF Economic Barometer in Switzerland jumped to 117.8 in March of 2021 from a downwardly revised 102.6 in February, beating market forecasts of 104.6. It is the strongest reading since June of 2010, signalling a rapid recovery for the next few months. This is largely due to manufacturing indicators, namely metal industry, followed by the textile and chemical industries and then by mechanical engineering and the paper industry. The other groups of indicators, both for domestic and foreign demand, all signal a positive development, albeit significantly weaker. source: Swiss Economic Institute (KOF)
Business Confidence in Switzerland averaged 98.89 points from 1991 until 2021, reaching an all time high of 131.50 points in March of 2010 and a record low of 52.30 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 April of 2021.
Business Confidence in Switzerland is expected to be 104.00 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 110.00 in 12 months time. In the long-term, the Switzerland Business Confidence is projected to trend around 105.00 points in 2022 and 101.00 points in 2023, according to our econometric models.