Switzerland Business Confidence

Last Release

Oct 31, 2024

Actual

99.5

Units In

Points

104.5

Frequency

Monthly

Next Release

Nov 29, 2024

Time to Release

28 Days 10 Hours

Highest	Lowest	Average	Date Range	Source
143.7 May 2021	49.5 May 2020	99.51 Points	1991-2024	Swiss Economic Institute (KOF)

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.

Latest Updates

The KOF Economic Barometer in Switzerland dropped to 99.5 in October 2024 from a revised 104.5 in September, well below market expectations of 105. This marked the first time since January that the figure is below the 100 mark, amid a sluggish recovery of the Swiss economy. All production-side indicators showed declines, including manufacturing, financial and insurance services, other services, hospitality, and construction. Meanwhile, demand-side indicators, such as foreign and consumer demand, did not show significant growth. The manufacturing and construction sectors also faced pressure across most business areas, particularly export prospects, production activity, competitive positioning, and order income. Only primary product purchases and inventory levels helped ease the downward trend.