The KOF Economic Barometer in Switzerland rose by 16 points to 134 in April of 2021 from an upwardly revised 118 in March, easily beating market expectations of 119.5. It is the highest reading since the series began in 1991, signaling a strong economic recovery in the near future. Manufacturing led the positive development amid more favorable international demand. Also, the outlook for other services, financial and insurance services and consumer demand also brightened considerably and the outlook for construction is slightly better than in the previous month. Meantime, accommodation and food service activities showed hardly any change overall. source: Swiss Economic Institute (KOF)
Business Confidence in Switzerland averaged 98.99 points from 1991 until 2021, reaching an all time high of 134 points in April of 2021 and a record low of 51.70 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 May of 2021.
Business Confidence in Switzerland is expected to be 115.00 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 106.00 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.