The KOF Economic Barometer in Switzerland jumped to a fresh record of 143.2 in May of 2021 from 136.4 in April and well above forecasts of 136. The reading reached record high levels for the second straight month, a sign the outlook for the Swiss economy for the middle of 2021 is very positive, provided that the containment of the virus continues. The strong increase is due to the bundles of indicators from the manufacturing sector and foreign demand. An additional positive signal is given by indicators from the hospitality industry, followed by indicators from the other services sector. Private consumption, on the other hand, sends slight negative impulses. source: Swiss Economic Institute (KOF)
Business Confidence in Switzerland averaged 99.12 points from 1991 until 2021, reaching an all time high of 143.20 points in May of 2021 and a record low of 51.70 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 2021.
Business Confidence in Switzerland is expected to be 115.00 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 106.00 in 12 months time. In the long-term, the Switzerland Business Confidence is projected to trend around 105.00 points in 2022 and 101.00 points in 2023, according to our econometric models.