The KOF Economic Barometer in Switzerland fell to 92.4 in February of 2019 from an upwardly revised 96.2 in January, missing market expectations of 95.4. It is a new-low reading since April of 2015, mainly due to negative impulses from the manufacturing industry although the deteriorating sentiment has meanwhile also extended to the other components. The negative tendency within the manufacturing industry is mostly driven by the mechanical engineering and the electrical industry; but the signals are now below average in all industry branches. The Swiss economy can expect to experience a weak phase in the coming months. Business Confidence in Switzerland averaged 100.57 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 96.50 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 101.00 Index Points in 2020, according to our econometric models.