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.