The KOF Economic Barometer in Switzerland fell for the second month to 103.5 in November of 2020 from a downwardly revised 106.3 in October but came higher than market expectations of 101. The decline is primarily due to a bundle of indicators from the manufacturing sector and private consumption. Also, indicators relating to foreign demand and the other services sector send a negative signal. By contrast, indicators for accommodation and food service activities, the construction industry and the financial and insurance services sector remained virtually constant. The KOF indicator is moving towards its long-term average of 98.8, which means that the outlook for the Swiss economy remains subdued also in view of the current pandemic situation. source: Swiss Economic Institute (KOF)

Business Confidence in Switzerland averaged 98.82 points from 1991 until 2020, 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 December of 2020.

Business Confidence in Switzerland is expected to be 100.00 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 92.00 in 12 months time. In the long-term, the Switzerland Business Confidence is projected to trend around 94.00 points in 2021 and 99.00 points in 2022, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Switzerland Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
103.50 106.30 131.50 52.30 1991 - 2020 points Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-28 07:00 AM Aug 110.2 86 90 91
2020-09-30 07:00 AM Sep 113.8 110.2 106 107
2020-10-30 08:00 AM Oct 106.6 110.1 107 109
2020-11-30 08:00 AM Nov 103.5 106.3 101 101.5
2020-12-30 08:00 AM Dec 103.5 100
2021-01-29 08:00 AM Jan
2021-03-01 08:00 AM Feb
2021-03-30 07:00 AM Mar


News Stream
Switzerland KOF Indicator Falls for 2nd Month
The KOF Economic Barometer in Switzerland fell for the second month to 103.5 in November of 2020 from a downwardly revised 106.3 in October but above market expectations of 101. The biggest downward pressure came from indicators related to the manufacturing sector and private consumption followed by foreign demand and the other services. By contrast, indicators for accommodation and food service activities, the construction industry and the financial and insurance services sector remained virtually constant. The KOF indicator is moving towards its long-term average of 98.8, which means that the outlook for the Swiss economy remains subdued also in view of the current pandemic situation.
2020-11-30
Swiss KOF Economic Barometer Falls in October
The KOF Economic Barometer in Switzerland dropped by 3.5 points from the previous month to 106.6 in October 2020, below market expectations of 107.0, in particular due to negative developments of the indicator bundles of the economic sector other services, the accommodation and food service activities and foreign demand. In addition, indicators relating to the manufacturing sector also recorded a decline. By contrast, private consumption and the construction sector remained virtually stable relative to the previous month.
2020-10-30
Swiss KOF Indicator Strongest in Over 10 Years
Switzerland's leading KOF economic barometer rose to 113.8 in September 2020 from 110.2 in the previous month and beating market expectations of 106. It is the highest reading since June 2010 and above the long-term average of 99.4. The September gain reflects an improvement in a bundle of indicators, including hotel and restaurant industry, foreign demand, manufacturing and private consumption. On the negative side construction industry underperformed. According to the data, the Swiss economy is taking a V-shaped course, so that a recovery can be expected for the time being. However, a second wave of coronavirus infections could lead to a sharp revision of this assessment.
2020-09-30
Swiss KOF Indicator Strongest in 10 Years
Switzerland's leading KOF economic barometer jumped to 110.2 in August of 2020 from an upwardly revised 86 in July, beating market forecasts of 90. It is the highest reading since August of 2010 and above the long-term average of 99.4. Manufacturing, the hospitality sector and foreign demand made the main upward contributions, followed by indicators related to financial and insurance services. The construction sector, on the other hand, recorded a slight deterioration. August increase was almost the same as a record 25.6 points record gain in July. However, the crash in the spring of this year was also the worst in the history of the barometer. According to this, the Swiss economy is in the upswing phase of what appears for the time being a V-shaped recession.
2020-08-28

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.