The KOF Economic Barometer for Switzerland fell 0.9 points from the previous month to 96.2 in April 2019, missing market expectations of 96.9, largely due to the indicators for the manufacturing sector, mainly due to a deterioration in the indicators for employment, the order situation and the competitive position. In addition, the indicators for the construction industry are slightly declining, while the signals for private consumption as well as the banking and insurance sector are almost unchanged. On the other hand, the outlook for other service providers, accommodation and food service activities and for foreign demand is slightly better than in the previous month. Business Confidence in Switzerland averaged 100.55 Index Points from 1991 until 2019, reaching an all time high of 119.30 Index Points in November of 2009 and a record low of 71.80 Index Points in December of 2008.
Business Confidence in Switzerland is expected to be 98.00 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 102.00 in 12 months time. In the long-term, the Switzerland Business Confidence is projected to trend around 101.00 Index Points in 2020, according to our econometric models.