Switzerland Business Confidence

Last Release

Aug 31, 2024

Actual

101.6

Units In

Points

100.6

Frequency

Monthly

Next Release

Sep 30, 2024

Time to Release

29 Days 6 Hours

Highest	Lowest	Average	Date Range	Source
143.7 May 2021	49.5 May 2020	99.49 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 rose to 101.6 in August 2024, up from a revised 100.6 in July and exceeding market expectations of 100.6. This increase follows a more significant decline the previous month and indicates that the Swiss economy is on a cautious recovery path. Key contributors to the rise include sectors like other services, consumer demand, and construction. Manufacturing and hospitality also saw slight improvements, though foreign demand indicators remained nearly stable. The financial and insurance sector, however, faced a setback. Within the producing industries, production and employment plans are improving, while competitive conditions and intermediate product inventories are lagging. The outlook varies across manufacturing sub-sectors, with positive trends in electrical, wood, glass, stone, and earth industries, contrasted by a weaker outlook in paper, printing, and metal industries.