Switzerland's leading KOF economic barometer fell to 53.2 in May of 2020 from a downwardly revised 59.7 in the previous month and well below market forecasts of 70. It is the lowest reading on record, due to the coronavirus pandemic. In fact, the strong decrease of the indicator in the last three months is more pronounced than, for example, during the financial crisis in 2008/2009. The Swiss economy is in a sharp recession. The manufacturing sector continues to have the strongest negative impact as well as indicators relating to foreign demand. By contrast, private consumption and the construction industry are sending slightly improved signals.

Business Confidence in Switzerland averaged 99.56 points from 1991 until 2020, reaching an all time high of 119.50 points in April of 2010 and a record low of 53.20 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 June of 2020.

Business Confidence in Switzerland is expected to be 73.00 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 85.00 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.

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Switzerland Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
53.20 59.70 119.50 53.20 1991 - 2020 points Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-28 08:00 AM Feb 100.9 100.1 97.5 98
2020-03-30 07:00 AM Mar 92.9 101.8 81.6 82.5
2020-04-30 07:00 AM Apr 63.5 91.7 63.5 59.1
2020-05-29 07:00 AM May 53.2 59.7 70 69.1
2020-06-30 07:00 AM Jun 53.2 73
2020-07-30 07:00 AM Jul
2020-08-28 07:00 AM Aug
2020-09-30 07:00 AM Sep 76


News Stream
Swiss KOF Indicator Reaches Record Low
Switzerland's leading KOF economic barometer fell to 53.2 in May of 2020 from a downwardly revised 59.7 in the previous month and well below market forecasts of 70. It is the lowest reading on record, due to the coronavirus pandemic. In fact, the strong decrease of the indicator in the last three months is more pronounced than, for example, during the financial crisis in 2008/2009. The Swiss economy is in a sharp recession. The manufacturing sector continues to have the strongest negative impact as well as indicators relating to foreign demand. By contrast, private consumption and the construction industry are sending slightly improved signals.
2020-05-29
Swiss Business Confidence Lowest since 2009
Switzerland's leading KOF economic barometer fell to 63.5 in April of 2020 from a downwardly revised 91.7 in the previous month and matching market estimates. That was the lowest reading since March of 2009, as all sectors of economy were heavy impacted by coronavirus including manufacturing industry and other services, accommodation and food service activities, foreign demand, construction, consumption and for financial and insurance service providers.
2020-04-30
Swiss Business Confidence Lowest since 2015
Switzerland's leading KOF economic barometer decreased to 92.9 in March of 2020 from an upwardly revised 101.8 in the prior month, though above market expectations of 81.6. It was the lowest reading since February 2015, mainly reflecting disruptions caused by the coronavirus outbreak. Sentiment deteriorated in all sectors, but particularly in the manufacturing sector. The main negative contributions came from the export-related indicators.
2020-03-30
Swiss Business Confidence Continues to Increase
Switzerland's leading KOF economic barometer went up to 100.9 in February of 2020 from 100.1 in the previous month, well above market expectations of 97.5. It the highest reading since September of 2018, mainly driven by an improvement in sentiment in the manufacturing sector. Only the indicators from the financial sector had a slightly negative impact. Demand for exports, construction, hospitality, other services and domestic consumer demand showed a practically unchanged picture compared to the previous month. Accordingly, clearly positive growth rates would be expected for the Swiss economy in the near future. However, this is based on the sentiment before the outbreak of the coronavirus in northern Italy.
2020-02-28

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.