The KOF Economic Barometer in Switzerland fell to 133.4 in June of 2021 from a record high of 143.7 in May, below forecasts of 144.7. The strong rise of the barometer in the last months is now replaced by a corrective movement although it still lies well above its long-?term average of 99.2. The decline is mainly driven by indicator bundles for the manufacturing and accommodation and food service activities, foreign demand and the financial and insurance services. Still, prospects for the Swiss economy remain very positive, provided that the economy is not severely affected by a renewed spread of the coronavirus. source: Swiss Economic Institute (KOF)
Business Confidence in Switzerland averaged 99.21 points from 1991 until 2021, reaching an all time high of 143.70 points in May 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 July of 2021.
Business Confidence in Switzerland is expected to be 145.10 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 109.00 in 12 months time. In the long-term, the Switzerland Business Confidence is projected to trend around 107.00 points in 2022 and 105.00 points in 2023, according to our econometric models.