The KOF Economic Barometer in Switzerland fell by 2.6 points to 96.3 in December 2018, missing market expectations of 98.7. This was the lowest reading since April 2015 mainly due to a deterioration in sentiment within the producing sector on the back of negative prospects for incoming orders and the purchase of intermediate goods. In addition, a weakly negative signal was sent by the financial sector and private consumption. Favorable export prospects, on the other hand, cushioned this downward tendency. Business Confidence in Switzerland averaged 100.62 Index Points from 1991 until 2018, reaching an all time high of 119.10 Index Points in November of 2009 and a record low of 70.70 Index Points in December of 2008.
Business Confidence in Switzerland is expected to be 100.50 Index 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 105.00 in 12 months time. In the long-term, the Switzerland Business Confidence is projected to trend around 105.00 Index Points in 2020, according to our econometric models.