Switzerland's leading KOF economic barometer jumped to 110.2 in August of 2020 from an upwardly revised 86 in July, beating market forecasts of 90. It is the highest reading since August of 2010 and above the long-term average of 99.4. Manufacturing, the hospitality sector and foreign demand made the main upward contributions, followed by indicators related to financial and insurance services. The construction sector, on the other hand, recorded a slight deterioration. August increase was almost the same as a record 25.6 points record gain in July. However, the crash in the spring of this year was also the worst in the history of the barometer. According to this, the Swiss economy is in the upswing phase of what appears for the time being a V-shaped recession.

Business Confidence in Switzerland averaged 99.43 points from 1991 until 2020, reaching an all time high of 119.50 points in April of 2010 and a record low of 49.50 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 September of 2020.

Business Confidence in Switzerland is expected to be 107.00 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 97.00 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
110.20 86.00 119.50 49.50 1991 - 2020 points Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-05-29 07:00 AM May 53.2 59.7 70 69.1
2020-06-30 07:00 AM Jun 59.4 49.6 77 75.1
2020-07-30 07:00 AM Jul 85.7 60.6 75 74
2020-08-28 07:00 AM Aug 110.2 86 90 91
2020-09-30 07:00 AM Sep 110.2 106 107
2020-10-30 08:00 AM Oct
2020-11-30 08:00 AM Nov
2020-12-30 08:00 AM Dec 100


News Stream
Swiss KOF Indicator Strongest in 10 Years
Switzerland's leading KOF economic barometer jumped to 110.2 in August of 2020 from an upwardly revised 86 in July, beating market forecasts of 90. It is the highest reading since August of 2010 and above the long-term average of 99.4. Manufacturing, the hospitality sector and foreign demand made the main upward contributions, followed by indicators related to financial and insurance services. The construction sector, on the other hand, recorded a slight deterioration. August increase was almost the same as a record 25.6 points record gain in July. However, the crash in the spring of this year was also the worst in the history of the barometer. According to this, the Swiss economy is in the upswing phase of what appears for the time being a V-shaped recession.
2020-08-28
Swiss KOF Indicator Rises at Record Pace
Switzerland's leading KOF economic barometer jumped to 85.7 in July of 2020 from an upwardly revised 60.6 in June, beating market forecasts of 75. It is the highest reading in 4 months and the strongest monthly gain ever. However, it remains clearly below its long-term average of 99.4 and the economic prospects for the Swiss economy therefore remain subdued. Responsible for the current easing are primarily the indicator groups for the manufacturing sector, the other services sector and foreign demand. To a lesser extent, the indicators for private consumption, construction activity and the financial and insurance services sector are contributing to the improvement. Only the accommodation and food service activities cannot follow the broad positive development.
2020-07-30
Swiss KOF Indicator Bounces from Record Low
Switzerland's leading KOF economic barometer increased to 59.4 in June of 2020 from a downwardly revised 49.6 in May which was the lowest reading on record. However, with a value comparable to April, the barometer is still considerably below its long-term average of 99.4. The outlook for the manufacturing sector remains at a very low level, but is brightening up the strongest compared to other sectors. Also starting from a very low level, the sets of indicators from other services and construction are sending slightly more positive signals. By contrast, the prospects for the hospitality industry and those of consumers remain bleak. As a result, the prospects of the Swiss economy are very subdued, but brightening up somewhat compared to the previous months.
2020-06-30
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

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.