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.

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Switzerland Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
117.80 102.60 131.50 52.30 1991 - 2021 points Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-12-30 08:00 AM Dec 104.3 103.7 100.5 100
2021-01-29 08:00 AM Jan 96.5 104.1 102 103.2
2021-02-26 08:00 AM Feb 102.7 96.5 96.6 97.2
2021-03-30 07:00 AM Mar 117.8 102.6 104.6 104
2021-04-30 07:00 AM Apr 117.8 119.1
2021-05-28 07:00 AM May
2021-06-30 07:00 AM Jun
2021-07-30 07:00 AM Jul


News Stream
Swiss KOF Barometer Jumps to 2010-Highs
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.
2021-03-30
Swiss KOF Economic Barometer Beats Forecasts
The KOF Economic Barometer in Switzerland rose to 102.7 in February of 2021 from 96.5 in the previous month and beating market expectations of 96.6. The increase was driven by bundles of indicators from services and the manufacturing sector. Meantime, the prospects for the other economic activities recorded in the barometer have hardly changed compared to January. The KOF indicator came in slightly above its long-term average of 100, which means that the outlook for the Swiss economy has improved.
2021-02-26
Swiss KOF Barometer Lowest in 6 Months
The KOF Economic Barometer in Switzerland fell to 96.5 in January of 2021 from a downwardly revised 104.1 in the previous month and much worse than market expectations of 102. It is the lowest reading since July as COVID-19 pandemic is causing gloomy economic prospects at the beginning of the year. Responsible for the decline are mostly accommodation and food service activities as well as other services. But the outlook for manufacturing, financial and insurance services and private consumer demand is also less favourable than before. The outlook for construction is stable and foreign demand could provide a stronger impulse.
2021-01-29
Swiss KOF Economic Barometer Beats Forecasts
The KOF Economic Barometer in Switzerland rose to 104.3 in December of 2020 from an upwardly revised 103.7 in the previous month, beating market expectations of 100.5. The slight increase is driven by bundles of indicators from the manufacturing sector and private consumption. An additional positive signal is sent by indicators for the financial and insurance service sector. By contrast, negative impulses are coming from indicators for foreign demand. The KOF Economic Barometer remains virtually unchanged at the end of the year. The sharp declines that the barometer underwent in early 2020 have been offset by a rapid recovery during the summer. The barometer already reached a value above its long-term average again in August and was able to maintain this level during the second half of the year. However, the prospects for the Swiss economy remain subdued at the beginning of 2021 due to the ongoing pandemic.
2020-12-30

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.