Switzerland’s leading KOF economic barometer fell to 96.9 in June of 2022 from an upwardly revised 97.7 in the prior month, compared to market expectations of 96.3 and remaining below the average for the lowest reading since January of 2021. The gauge measuring manufacturing declined sharply, driven by lower activity for wood and paper goods and food and beverages. Foreign demand also decreased, dented by surging inflation and a strong franc. Looking forward, prospects for the Swiss economy remain subdued. source: Swiss Economic Institute (KOF)
Business Confidence in Switzerland averaged 99.71 points from 1991 until 2022, reaching an all time high of 143.60 points in May of 2021 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 2022.
Business Confidence in Switzerland is expected to be 96.40 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Switzerland Business Confidence is projected to trend around 105.00 points in 2023, according to our econometric models.