The KOF Economic Barometer in Switzerland went up to 96.4 in December of 2019 from a downwardly revised 92.6 in the previous month which was the lowest since April of 2015. December figures were the strongest in 8 months and came well above market expectations of 94.5. The increase is primarily due to bundles of indicators from the manufacturing sector. Positive signals also came from indicators covering other services and foreign demand. Indicators concerning private consumption as well as hotel and catering activities showed a moderate increase. The barometer, which tended to fall during the year 2019, has thus fully recovered. However, it is still below its long-term average. The outlook for the Swiss economy at the beginning of 2020 is brightening somewhat, but remains subdued.
Business Confidence in Switzerland averaged 99.82 points from 1991 until 2019, reaching an all time high of 119.50 points in April of 2010 and a record low of 60 points in February of 2009. 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.
Business Confidence in Switzerland is expected to be 94.00 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 102.00 in 12 months time. In the long-term, the Switzerland Business Confidence is projected to trend around 101.00 points in 2020, according to our econometric models.