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KOF Bulletin
Editions
2024
Nr. 180, Januar
“The battle against inflation has not yet been won”
The weakness of the global economy persists
The mental health of the Swiss population during the pandemic
Falling wealth taxes contributing to rising wealth concentration
Business situation virtually stable at the end of the year
Nr. 181, Februar
The free movement of people has had no impact on the number of apprenticeships
How can gender-specific differences in higher education be overcome?
Between market power and labour rights: the impact of the seasonal worker statute on immigrants’ wages
No. 182, March
Artificial intelligence: how networks are controlling firms’ AI expertise
The power of central bank communication
Investment on the rise, but not in all sectors
Business situation virtually unchanged
No. 183, April
“The welfare state is not an outdated model”
Global economic growth remains weak for the time being
How relevant are energy prices really for firms?
How to Regulate Stablecoins
KOF Business Situation Indicator on the decline again
2023
No. 169, January
“Inflation will remain high by Swiss standards in 2023”
Energy crisis and rising cost of living slowing down global economy
The proportion of R&D-active companies in Switzerland has risen for the first time in 20 years
How do firms determine their prices?
Business situation stabilised at the end of the year
No. 170, February
Oil price shock scenario: this is how Swiss managers would react
Swiss companies investing more in cyber security
Financial bottlenecks slowing investment growth
KOF Business Tendency Surveys: threat of recession this winter is fading
No. 171, March
“Economics is about the question of the good life”
Why has Switzerland, unlike Germany, not developed a large low-wage sector? An overview
KOF Business Situation Indicator down slightly
No. 172, April
“We are at the end, rather than the beginning, of a banking crisis”
Although the outlook for the global economy is brightening, additional risks are emanating from the banking sector
Swiss labour market remains in good shape
The Swiss construction sector since COVID-19: an interim assessment
KOF Business Situation Indicator virtually unchanged
No. 173, May
“Artificial intelligence has the potential to revolutionise economic research”: ten questions for ChatGPT
Bank regulation: the many pitfalls of bail-in bonds
Wage increases as a response to the shortage of skilled workers
KOF Business Tendency Surveys: Swiss economy faltering
No. 174, June
“The pension system is one of the great achievements of the welfare state”
How dependent is Swiss industry on China?
Business situation deteriorating
No. 175, July
Significant increase in company bankruptcies
Climate risks and investment: how Swiss companies are dealing with climate change
New incentives for antibiotics research and development
Global economic outlook remains weak
KOF Business Situation Indicator edges up
Nr. 176, September
“There are winners and losers of immigration”
Labour market restrictions on refugees
Long-term experience of immigration weakens nationalist parties
KOF Business Situation unchanged
No. 177, October
“China is facing major challenges that go beyond its real-estate crisis”
Gloomy outlook for the global economy
Exports proving robust
KOF Business Situation Indicator slightly lower
No. 178, November
Demographic change: what are the implications for inflation?
Media formats and their role in the perception of monetary policy
How monetary policy can be deciphered using language analysis
KOF’s Business Tendency Surveys: Swiss economy lacking stimulus
No. 179, December
“ChatGPT may not be the greatest poet and thinker of our time, but it is an increasingly important source of inspiration”
International digital technology cycles and local economic performance
Supported democracy: reinventing direct democracy, AI and voting twice
KOF Business Situation Indicator continues to fall
2022
No. 158, January
KOF Business Situation Indicator: business stable at the end of the year
What progress has been made on gender equality in the labour market?
How did short-time workers use their additional free time?
“The coronavirus crisis has increased inequalities in the labour market”
No. 159, February
“Inflation will come down again”
Companies looking to stockpile preliminary products
Coronavirus crisis: which sectors have been most affected?
KOF Business Tendency Surveys: Swiss economy on course for recovery despite omicron wave
No. 160, March
Is inflation out of control?
Industrial companies investing to increase capacity
Investment controls: a global trend with implications for Switzerland
KOF business situation virtually unchanged; outlook still encouraging
“The war in Ukraine is a massive economic risk”
Nr. 161, April
“Central banks are powerless to prevent supply shortages”
Inflation picks up significantly worldwide but remains moderate in Switzerland
Monetary policy: rising inflation puts central banks under pressure to act
Companies expect to see falling real wages and higher inflation in the long term owing to the war in Ukraine
Poorer households particularly affected by rising healthcare costs
KOF business situation suffers a setback
No. 162, May
Corporate bankruptcies exceeding pre-crisis levels for the first time
Firms expect to see wage growth of 1.6 per cent in twelve months
What Swiss economists think about inflation, monetary policy and the franc
KOF Business Tendency Surveys: Swiss economy peaking despite war in Ukraine
Nr. 163, June
What makes companies halt their research activities?
How economic research differs from the natural sciences
How population growth and ageing may foreshadow poverty alleviation in low- and middle-income countries
KOF business situation remains buoyant
Nr. 164, July
“Progress in the social sciences is less tangible than in the natural sciences”
Obwalden’s low-tax strategy under the microscope
Income and wealth over the life cycle
The innovation activities of Swiss companies during the COVID-19 crisis
Construction projects are boosting Swiss companies’ investment plans
KOF business situation: Swiss companies on a roll
No. 165, September
“COVID has boosted computerisation”
How computerisation is transforming the Swiss labour market
How computerisation is driving the immigration of highly skilled workers
How digital technologies are enhancing modern economic research: a workshop report
What is the employment situation of female graduates who have studied STEM subjects?
Business activity at Swiss companies continues to slow
No. 166, October
Inflation rates remain high
Monetary policy: provisional end to negative interest rates
KOF-NZZ survey reveals that economists are in favour of rule-based adjustments to the retirement age
An economic stimulus package is set to boost Europe’s civil engineering sector
Business situation is not deteriorating any further
No. 167, November
Vera Eichenauer: “Power is a big issue”
A politician’s perfect storm: when disaster relief is politically biased
COVID-19 pandemic, war in Ukraine and appreciation of the Swiss franc: impact on tourism in Switzerland
KOF Business Tendency Surveys: The Swiss economy is losing momentum
Nr. 168, Dezember
“We expect to see recessions in Germany, France and Italy – but not in Switzerland”
The pharmaceutical industry is Switzerland’s growth engine
New digital technologies: what role do robots, big data and artificial intelligence play in the Swiss economy?
Business situation slightly less encouraging than in previous month
2021
No. 147, January
What does a higher national debt mean for Switzerland?
Digital investment alone is not enough: innovation is also needed
Second pandemic wave slowing global economic recovery
What the Swiss economy can expect in the new year
KOF Business Situation Indicator: business activity bounces back
No. 148, February
"There is more discrimination before lunch and after work"
Faster, more flexible, more challenging: how COVID-19 has changed research at KOF
KOF Business Tendency Surveys: companies feeling stronger headwinds again at the start of the year
Hospitality sector: half of businesses fear for their survival
No. 149, March
The COVID-19 pandemic is widening the gap between rich and poor
Coronavirus crisis: many firms short of money for investment
Digital investment pays off – but only if companies change their organisational structures
The KOF Weekly GDP Indicator for Switzerland
KOF Business Situation Indicator: Business currently slightly more buoyant; many companies are sceptical about the year as a whole
No. 150, April
The situation in the labour market remains challenging
Research, development and innovation: the current state of Switzerland's major regions
Wave of bankruptcies: postponed or cancelled?
Global economy bounces back after slump
KOF Business Situation Indicator: broad-based improvement
No. 151, May
Coronavirus crisis: more and more sectors report shortage of goods and intermediate products
KOF Business Tendency Surveys: recovery progressing in leaps and bounds
Do deflation and rigid wages harm the economy? The importance of wage rigidity for monetary policy
KOF-NZZ Economists’ Survey: large majority of Swiss economists against rapid debt reduction
United States: difficult starting position for President Biden
"Switzerland thrives on having open borders"
No. 152, June
Have financial markets decoupled from the real economy?
How major sporting events distort Swiss GDP
Lessons from Brexit
KOF Business Situation Indicator: Business situation improving; availability of intermediate products problematic
No. 153, July
KOF Business Situation Indicator: business situation virtually unchanged but shortage of intermediate products worsens
Improvements in Swiss life expectancy and length-of-life inequality since the 1870s
The recovery of the global economy is in full swing
Light at the end of the tunnel: companies are investing in expanding their capacity
China: a competitor to the EU, a partner to Switzerland?
No. 154, September
When national wealth grows faster than national income: a warning sign for the Swiss real-estate market?
Men seeking part-time jobs are disadvantaged
Macroeconomic uncertainty and the role of employment protection
COVID-19 in Switzerland: have the containment measures worked?
KOF Business Situation Indicator: business situation virtually unchanged
No. 155, October
Comparing the coronavirus crisis and the financial crisis: eight differences and similarities
KOF-NZZ Economists’ Survey: majority of economists fear higher inequality as a result of coronavirus crisis
How does inflation come about?
KOF Business Situation Indicator: business situation slightly improved
No. 156, November
"A model is only as good as the model engineer"
A view from space: satellite data to measure inequality
Rising inflation: why is it only temporary, and what does the pandemic have to do with it?
KOF Business Tendency Surveys for October: companies emerging from the worst of the pandemic
No. 157, December
Digital divide? An analysis of the usage data from the Job-Room online job platform
Company bankruptcies returning to pre-crisis levels
"Globalisation is far from over"
Seven facts about the circular economy
KOF business situation remains encouraging
2020
No. 136, January
The Amended Job Registration Requirement and Its Consequences
Swiss Internal Tax Competition and Inequality
Eurozone Growth at Moderate Pace
KOF Business Situation Indicator: Swiss Companies Report Downturn at the End of the Year
No. 137, February
Negative Interest Rates I: Companies’ Assessment of Monetary Policy
Negative Interest Rates II: Economists Not Expecting them to Stop Any Time Soon
Investments in Process Innovations Raise Productivity of Swiss Companies
New Technologies and Productivity: What Role Does the Educational Level Play?
KOF Business Tendency Surveys of January 2020: Swiss Companies Start the Year With a Deep Breath
No. 138, March
Companies Plan to Invest More in Environmental Protection
Globalisation and Its Impact on the Middle Class
Looking back on a difficult year for Switzerland’s most important trading partners
Swiss foreign trade suffers from uncertainty
New education law in Serbia improves position of students
KOF Business Situation Indicator: Swiss economy currently robust
No. 139, April
KOF Business Situation Indicator: storm clouds are gathering
The ECB's communication as a monetary policy instrument
The economy in the clutches of coronavirus
Most sectors are facing a difficult year ahead
No. 140, May
KOF Business Tendency Surveys for April 2020: a historic challenge for service providers
A mobility indicator for Switzerland
First hard figures from the United States
trendEcon: Daily economic indicators based on Swiss Google search trends
How does digitalisation affect everyday working life?
No. 141, June
Companies revise investment plans significantly during lockdown
How the impact of COVID-19 on Swiss companies is measured
The Swiss construction sector during COVID-19
Business start-ups in Switzerland: the story so far
KOF Business Situation Indicator: economy no longer in freefall
No. 142, July/August
Coronavirus crisis: how does the Swiss labour market compare internationally?
The Global Economic Barometers: current and leading world indicators
Is dual vocational training worthwhile for companies in Nepal?
KOF Business Situation Indicator: retail sector with a new lease of life, otherwise hardly any change in companies’ fortunes
No. 143, September
Considerable reluctance to take out COVID-19 loans?
How the pandemic affects inflation measurement
What explains the increase in public social expenditure in OECD countries?
Retail sector: is everything back to how it was before coronavirus?
IT security raises productivity
KOF Business Situation Indicator: further improvement in the business situation
No. 144, October
Do women earn less because other job aspects are important to them?
Proportion of women in STEM subjects: major differences between cantons
European integration: has it affected economic sectors differently?
Prognosetagung: climate crisis, coronavirus crisis – does the economy now have to adapt?
KOF Business Situation Indicator: business virtually unchanged
No. 145, November
Coronavirus crisis is slowing wage growth
Around 60 per cent of Swiss companies suffering from weak demand
KOF Business Tendency Surveys for October 2020: business situation improving; effect of new measures uncertain
How much would a no-deal Brexit cost the UK?
KOF forecasting conference: "Major crises set things in motion"
How Swiss tourism compares internationally
No. 146, December
The mobility of the Swiss population during the second coronavirus wave
The rise of the separatists: the impact of regional resources
How is the retail sector faring as it enters the Christmas period?
How has COVID inflation performed since the summer?
Webinar: Federalism during Times of Coronavirus – Curse or Blessing?
Switzerland remains the most globalised country in the world
KOF Business Situation Indicator: companies’ business situation slightly less encouraging
2019
No. 125, January
Swiss Economy Running out of Steam
The US-China Trade War: Who Bears the Brunt?
System of Opportunity: Permeable Education and Training in Colorado
KOF Business Situation: Indicator Declines at the End of the Year
No. 126, February
Investment Dynamics Lower This Year
Swiss Companies Face Headwinds
Sources of Knowledge Flow Between Developed and Developing Nations
Data Theft: How Well Are Swiss Companies Protecting Their Data?
No. 127, March
Brexit and Trade Relations – The Main Issues
A Behind-the-Scenes Look at the Balance of Swiss Foreign Trade
Entrepreneurialism in the Genes?
The Consequences of the Free Movement of Persons for the Labour Market
KOF Business Situation: Indicator Falls for the Third Time in a Row
No. 128, April
KOF Economic Forecast: Swiss Economy Faces Tough Conditions
Five Insights About Wages in Switzerland
Quantitative Easing in the Eurozone: Who Benefits?
Globalisation Shifts Tax Burden onto Middle Class
KOF Business Situation: Uncomfortable Situation for Companies
No. 129, May
The Digitalisation Effect: New Jobs in Swiss Businesses
The Labour Market Integration of Refugees
Taxes: More Beneficial Terms for Larger Companies
How Well do Players in the Vocational Training Sector Work Together?
Situation for Companies is Becoming More Difficult
No. 130, June
Increasing Significance of US Tourists
Foreign Knowledge Has an Important Role to Play for Swiss Businesses
What Swiss Executives Worry about Most
Digitalisation Is Bringing Significant Changes to Everyday Working Life
KOF Business Situation Indicator: Economy is Losing Steam
No. 131, July/August
Swiss Companies and the New Silk Road
Vocational Baccalaureate II: More Self-Study Results in Higher Number of Dropouts but Same Grades
Investment Dynamics: Companies Lower Their Expectations for 2019
KOF Business Situation Indicator: Further Decline in June
No. 132, September
Environmental Policy Instruments and Their Impact on Enterprises
Framework for Measuring the Robustness of Social Institutions in Vocational Education and Training
Higher Taxes and Their Impact on Investment: Evidence from European Countries
KOF Forecast Day: Inequality on the Labour Market
KOF Business Situation Indicator: Situation Remains Stable for Swiss Businesses
No. 133, October
Global downturn hitting the Swiss economy
Industry slows Down Eurozone Economy
SNB Under Pressure
Guest Contribution: Wage Discrimination Is Just the Tip of the Iceberg
“This will represent a major social challenge for us”
KOF Business Situation Indicator: Business Situation Worsens Again
No. 134, November
Emigration at Highest Level Since Seventies – Including Swiss Nationals
Innovation in Europe: Switzerland is Losing Its Cutting Edge
Interpretation of Foreign Trade Data Will Become More Difficult
Why City-break Tourism Is so Buoyant
World trade weak, globalisation flagging
KOF Business Tendency Surveys from October 2019: Firms’ Business Situation Remains under Pressure
No. 135, December
The Countries and the Cities With the Highest Number of Patent Applications
KOF Youth Labour Market Index: Switzerland Back at the Top
Do Internships Really Pay Off?
The Swiss Franc’s Equilibrium Exchange Rate: a Tentative Assessment
KOF Business Situation Indicator: Swiss Economy Picks Up Slightly – Manufacturing Remains Under Pressure
2018
No. 124, December
Is Switzerland Still at the "Spearhead of Innovation"?
Healthcare Expenditure Still on the Rise – Albeit at a Slower Pace Relative to GDP
KOF Youth Labour Market Index: When a Skills Mismatch isn’t the Same as a Skills Mismatch
KOF Business Situation: Slight Recovery
No. 123, November
Publication KOF International Forecasts
Swiss tourism: a return to competitiveness thanks to falling prices
National companies benefit from the foreign business of competitors
KOF Business Tendency Surveys from October 2018: Business Situation Hardly Changed
No. 122, October
Swiss Economy Motoring Ahead
Monetary Policy Is Tightening Up
Positive Trend on the Labour Market
Swiss Companies Maintain Brisk Investment Activities
KOF Business Situation: Indicator Down Slightly
No. 121, September
The Great Recession – 10 Years On: KOF Forecast Conference 2018
Despite Income Tax Holidays, the Swiss Hardly Worked More
Real Estate Investments by Swiss Institutional Investors Pose a Downside Risk
CEMETS Summer Institute 2018
KOF Business Situation: Swiss Economy Still on the Ascent
No. 120, July/August
Unemployment at Record Low – Is It Really True?
Swiss Companies Expand Capacities
Digitalisation Raises Work Satisfaction for Majority of Higher Technical College Graduates
KOF Business Situation Indicator: Swiss Companies Report Slight Slowdown
No. 119, June
Bretton Woods, Brussels and Beyond: Redesigning the Institutions of Europe
Social Status of Vocational Education and Training Has Not Declined
Impact of the Exchange Rate on Swiss Tourism Regions
KOF Business Situation Indicator: Swiss Companies Report Significant Improvement of Their Business Situation
No. 118, May
Unemployment Goes Down When GDP Grows by 2%
Schumpeter Got It Right
Eurozone Debt (3/3): Private Households and Non-Financial Companies
German Economy Still Booming – But the Air is Getting Thinner
No. 117, April
Smoothing of Tax Revenue and Modification of the Debt Brake for the Canton of Neuchâtel
Paid Sick Leave – A Trade-Off Between Contagion and Work Avoidance
What Does It Take to Improve a VET System?
KOF Economic Forecast, Spring 2018: Broad-Based Upswing
International Economy Is Booming
KOF Business Situation: Indicator Rises Further
No. 116, March
Digitalisation (2/2): Enhanced Efficiency is Top Priority
Eurozone Debt (2/3): Financial Sector
Swiss Foreign Trade in 2017: Financial Crisis Dip Compensated After Close to 10 Years
KOF Business Situation: Indicator Still on the Rise
No. 115, February
Digitalisation (1/2): Companies Consider Lack of Skills Among Staff to be Biggest Obstacle to the Spread of Digitalisation
Swiss Companies Set to Invest More
Eurozone Debt (1/3): Government Budgets
No. 114, January
Upswing has Arrived, Sports Events Dominate the Cyclical Trend
Global Economy Booms
Does Short-Time Work Prevent Dismissals?
KOF Business Situation Indicator Ends Year on a Rise
2017
No. 113, December
Against Intuition: Transparency in the Innovation Process
Consumers in Buying Mood – How Much Will Domestic Retailers Benefit?
KOF Business Situation: Indicator Dips Slightly
No. 112, November
The Saga of the Swiss Franc: the Increase in the Value of the Franc and its Implications
The Increasing Significance of Chinese Visitors for Swiss Tourism
Bitcoin: Flavour of the Month or Tomorrow’s World Currency?
No. 111, October
KOF Economic Forecast, Autumn 2017: International Momentum Stimulates Swiss Economy
Wage Trend in Switzerland: Wages Stagnate, Glass Ceiling Remains in Place
Structural and Economic Changes on the European Labour Markets
Ideal Types of Vocational Education and Training Programmes
KOF Business Situation: Indicator on the Rise
No. 110, September
Structural Budget Underruns at the Swiss Federal Level
Global Economy is Picking up Speed
Does Vocational Education and Training Improve Young People’s Situation on the Labour Market?
KOF Business Situation Indicator: Companies More Satisfied
No. 109, July/August
Does Part-Time Work Increase Gender Inequality on the Labour Market?
KOF Investment Survey: Companies Revise Up 2017 Investment Plans
How Does Competitive Funding Affect the Productivity of Universities?
KOF Business Situation: Further Improvement
No. 108, June
An Outer Space View of Business Cycles
Can Financial Development Explain the Differences in Thin Capitalisation Rules Across Countries?
Is the Framework Curriculum for Business Administration Studies at PET Colleges Up to Date?
(Non-)Hotel Accommodation vs. Airbnb
Comparing Apples to Apples in the Assessment of the Value of Preferential Market Access
KOF Business Situation Indicator: Slight Improvement
No. 107, May
KOF Business Tendency Surveys: Business Situation Improves Further
The Impact of Energy Policy Measures from a Corporate Point of View
Determinants of Inflation in the Eurozone
Tax Reform in the USA
No. 106, April
Further Recovery of the Swiss Economy
Monetary Policy: Outlook Slowly Improving
Backlash Against Globalization and the Gains from Trade
On the Role of Subjective Wellbeing in Retrospective Voting Hypothesis
Economic Ideas You Should Forget
Survey of Economists on the Energy Act
Business Situation on an Upward Trend
No. 105, March
Eurozone on the Fast Lane
Businesses – the Winners from the Free Movement of Persons
Overview of Price Elasticity on the Market for Swiss Wines
The Employer’s Dilemma: Is it Worth Engaging Employers in VET Reforms?
On the Initialisation of Adaptive Learning in Macroeconomic Models
KOF Business Situation: Business Situation more Positive
No. 104, February
KOF Business Tendency Surveys: Companies Report Subdued Situation at the Beginning of the Year
Investments of Swiss Companies on the Rise Again
Innovation Activities in the Swiss Economy: Growing Concentration of R&D Expenditure
Financial Development Bad for the Poor?
No. 103, January
Compensation of the Costs Associated with CTR III: Impact of Taxation on Capital Gains
The Impact of Political Measures on the Introduction of New Energy Technologies
Job Without Work Experience?
KOF Business Situation: Indicator Shows Faltering Business at the End of the Year
2016
No. 102, December
CTR III: Impact on the Economy and the National Budget
Why Is World Trade so Weak?
New Energy Technologies in Swiss Businesses
Experts’ Expectations of Switzerland‘s Longer-Term Inflation Development
“Trumponomics” in a Nutshell: a Keynesian Revival
KOF Business Situation Indicator: Business Situation Has Clouded Over
Nr. 101, November
KOF Business Tendency Surveys: Situation Is Picking Up
Measuring Uncertainty
Robust Upswing in the USA
KOF YLMI: Except for Switzerland, Great Recession Affected Working Conditions for Young People
No. 100, October
KOF Autumn Forecast 2016: Back to Moderate Growth
Please Count All of the Unemployed
Interaction Between Education and Employment: The KOF Education-Employment Linkage Index
Investment in Energy Efficiency Pays Off
The KOF as a Committed Partner in the World
The KOF’s Work for the German Government as one of its Economic Experts
How Economists in Switzerland Judge the Fourth Industrial Revolution
KOF Business Situation: Still Brightening Up
No. 99, September
Eurozone Economy has Slowed Down
No Consequences of Brexit for Switzerland – yet
A Glance at the Payment Practices of Swiss Residents – Payments Abroad Continue to Increase
International Stock Return Predictability: On the Role of the United States in Bad and Good Times
KOF Business Situation: Once Again Improved
No. 98, July/August
Review of the Methods Applied to Estimate Direct Federal Tax Revenues
Does the Framework Curriculum for the Higher Vocational Training Colleges for Economics Fulfil its Goals?
Construction in Europe: Good Economic Prospects
KOF Business Situation: Business Situation Slips Back – Financial Services Face Headwind
No. 97, June
Possible Impact of the Brexit Referendum on the UK, the EU and Switzerland
TTIP: "A Riddle Wrapped Up in an Enigma"
KOF Investment Survey: Companies Set to Expand Investments
Modelling and Forecasts for the Swiss Wine Market: Challenges and Prospects
KOF Business Situation: Brightening up Again
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Archive
Media
Press Releases
2024
01
Global Barometers on the rise
KOF Monetary Policy Communicator for the Euro Area, January 2024
KOF Economic Barometer: Bright spots for the Swiss economy
02
KOF Employment Indicator: labour market remains in good shape
KOF Business Tendency Surveys from January: weaker economy but firms expect to see improvement
Global Economic Barometers fail to continue their upward series
KOF Economic Barometer: Still above average despite decline
03
KOF Monetary Policy Communicator for the Euro Area, March 2024
Leading Global Barometer signals slower recovery in coming months
Global economic weakness hampering Swiss economy
KOF Economic Barometer: Stabilization above the average
04
Global Barometers settle at moderate levels
KOF Monetary Policy Communicator for the Euro Area, April 2024
2023
January
Global Barometers continue to fall
KOF Economic Barometer: Economic recovery in Switzerland strengthens
February
KOF Employment Indicator remains at a high level
KOF Monetary Policy Communicator, January 2023
KOF Business Tendency Surveys: Swiss economy starting the year with renewed confidence
Global Barometers show upward corrections
KOF Economic Barometer: At long-term average
March
Global Barometers continue to rise
KOF Monetary Policy Communicator, March 2023
Mild winter calming fears of recession
KOF Economic Barometer: Level falls marginally
KOF-NZZ survey of economists: Economists are sceptical about the takeover of Credit Suisse by UBS
April
Global Barometers fall slightly after rising for two months
KOF Economic Barometer: Economic outlook slightly gloomier
May
Positive outlook for the Swiss labour market persists
KOF Business Tendency Surveys: Swiss economy lacking stimulus
KOF Monetary Policy Communicator, May 2023
Global Barometers improve slightly but remain at subdued levels
KOF Economic Barometer: Economic outlook continuous to darken
06
KOF-NZZ survey: economists assess Swiss climate policy goals and measures
Global Barometers weakened in June
Strong employment despite faltering economy
KOF Monetary Policy Communicator, June 2023
KOF Economic Barometer: Outlook remains gloomy
07
KOF Monetary Policy Communicator, July 2023
Global Economic Barometers fluctuate in the adverse zone
KOF Economic Barometer: Slight easing, but no all-clear
08
Employment outlook in the manufacturing sector clouding over
KOF Business Tendency Surveys: Swiss economy sluggish; manufacturing sector on a downward trend
Leading Global Barometer rising towards historical average
Wage survey: firms expecting hardly any rise in real wages
KOF Economic Barometer remains at below-average level
09
Global Barometers point to improving conditions
KOF Monetary Policy Communicator, September 2023
Domestic economy providing support; foreign trade weakening
KOF Economic Barometer: After revision – outlook remains subdued
10
Leading Global Barometer climbs above the 100-point average
KOF Monetary Policy Communicator for the Euro Area, October 2023
KOF Economic Barometer: Stable outlook for the end of the year
11
KOF Employment Indicator: Good labour market situation despite gloomy outlook in the manufacturing sector
Healthcare expenditure as a share of gross domestic product stabilises at 11.5 per cent
KOF Business Tendency Surveys for October: downturn continues
Leading Global Barometer signals a more favourable outlook for the coming months
KOF Economic Barometer: Steady development expected
12
KOF Globalisation Index: degree of globalisation still below pre-pandemic levels
Global Barometers on the rise for the sixth month in a row
KOF Economic Forecast, winter 2023: Swiss economy in the wake of the international economic downturn
KOF Monetary Policy Communicator for the Euro Area, December 2023
KOF Economic Barometer: Further slight recovery
2022
January
Global Barometers indicate slight improvement at the beginning of 2022
KOF Economic Barometer: Outlook remains favourable
February
KOF Employment Indicator reaches all-time high
KOF Business Tendency Surveys: Swiss economy on course for recovery despite omicron wave
KOF Monetary Policy Communicator, February 2022
Global Barometers decrease slightly
KOF Economic Barometer: Normalisation continues
March
Global Barometers decline and reinforce normalization tendency in the first quarter of 2022
KOF Monetary Policy Communicator, March 2022
KOF’s economic forecast, spring 2022: Swiss economy holds up well despite war in Ukraine
KOF Economic Barometer slightly below the long-term average
April
Global Barometers fall due to the war in Europe and the increases in COVID-19 cases in China
Economists surveyed by KOF and NZZ expect to see normalisation of interest-rate policy
From Pandemic to Energy Crisis: Economy and Politics under Permanent Stress
KOF Monetary Policy Communicator, April 2022
KOF Economic Barometer: Economic outlook more favourable again
May
KOF Employment Indicator hits new high
KOF Business Tendency Surveys: Swiss economy booming despite geopolitical risks
Global Barometers signal world slowdown to intensify in the coming months
KOF Economic Barometer: Economic outlook dampened
June
KOF Monetary Policy Communicator, June 2022
Global Barometers stabilize at a low level
Robust economy despite international price increases
Economic outlook remains gloomy
July
Confirmed slowdown tendency of Global Barometers
KOF Monetary Policy Communicator, July 2022
KOF Economic Barometer: Dark clouds loom over the economy
August
KOF Employment Indicator continues to rise
KOF Business Tendency Surveys: Swiss economy still in good shape, but outlook deteriorating
World economy slowdown running its course
KOF Economic Barometer: Less than pleasant outlook
September
KOF-NZZ survey reveals that economists are in favour of ‘AHV 21’ reforms
KOF Monetary Policy Communicator, September 2022
Global Barometers suggest the world still faces an economic slowdown
KOF Economic Barometer: Outlook remains subdued
October
Energy crisis acting as a drag on the economy
Global Barometers: negative sequence does not continue in October
Economic outlook remains gloomy
KOF Monetary Policy Communicator, October 2022
November
KOF Employment Indicator has peaked for the time being
KOF Business Tendency Surveys: business activity slowing while manufacturing sector starts to weaken
Global Barometers continue to signal a slowdown of the world economy for the coming months
Increase in healthcare expenditure as a share of GDP is flatlining
Swiss economy increases investment in digital technology
KOF Economic Barometer: Outlook remains at a low level
December
KOF Globalisation Index: COVID pandemic has slowed globalisation
Global Barometers: world slowdown continues
Energy crisis continues to weigh on the economy
KOF Monetary Policy Communicator, December 2022
KOF Economic Barometer: Outlook brightens
2021
January
Global Economic Barometers reflect cautious optimism despite second wave
KOF Monetary Policy Communicator, January 2021
KOF Economic Barometer: COVID-19 foils the start of the year
February
KOF Employment Indicator: employment prospects in the hospitality sector hit a new low
Business situation under pressure again; economic recovery slowed down
The race between the pandemic and immunization programmes
Coronavirus crisis is exacerbating inequality in Switzerland
KOF Economic Barometer: downward trend halted
March
Global Barometers rise amid the progress of immunization campaigns against COVID-19
KOF Monetary Policy Communicator, March 2021
KOF Economic Forecast: Swiss economy recovering; coronavirus continues to set the tone
Euro Area Poised for Recovery
KOF Economic Barometer: As high as last in summer 2010
April
Global Barometers continue to increase
Joint Economic Forecast for Germany: Pandemic delays upswing – Demography slows growth
KOF Monetary Policy Communicator, April 2021
KOF-NZZ Economists Survey: large majority of Swiss economists against rapid debt reduction
KOF Economic Barometer at a historical high
May
KOF Employment Indicator: outlook for the Swiss labour market improving significantly
KOF Business Tendency Surveys for April 2021: firms sense that spring is in the air
Global Barometers signal that the recovery has spread to all regions and sectors
KOF forecasts for Swiss tourism: domestic tourism set to pick up again in summer
KOF Economic Barometer: Another sharp increase
June
Global Barometers remain at a high level but move in opposite directions
KOF Monetary Policy Communicator, June 2021
Swiss economy recovering more strongly than expected
KOF Economic Barometer: Normalization in Sight
July
Global Barometers: Downward corrections at high levels
KOF Monetary Policy Communicator, July 2021
Another decline of the KOF Economic Barometer – Swiss economy nevertheless on the road to recovery
August
The outlook for the Swiss labour market continues to improve
Swiss firms are increasingly overcoming the effects of the coronavirus pandemic
Global barometers remain high but signal slower expansion in the third quarter
KOF Economic Barometer: Weakening continues
September
KOF-NZZ Economists Survey: economists tend to want to tax investment income more heavily than earned income
Global Barometers signal slower economic growth for the second half of the year
KOF Monetary Policy Communicator, September 2021
KOF Economic Barometer: A further weakening of the recovery
October
KOF Economic Forecast: economic recovery continues; risks are becoming more diverse
Global Barometers continue to decline
Joint Economic Forecast for Germany: Crisis is gradually being overcome
KOF forecast for Swiss tourism: slow recovery in sight, with domestic travellers supporting tourism sector
KOF Economic Barometer: Recovery continues
KOF Monetary Policy Communicator, October 2021
November
KOF Employment Indicator rises to its highest level since the financial crisis
Companies are increasingly shaking off the effects of the coronavirus crisis
Global Barometers fall again, signalling a further moderation of the global economic recovery
KOF Healthcare Expenditure Forecast: pandemic causing sharp increase in spending this year
KOF Economic Barometer: Further Normalization
December
Plenty of untapped potential for the Swiss circular economy
KOF Globalisation Index: the Netherlands overtakes Switzerland as the most globalised country in the world
Global Barometers remain almost stable in December
KOF Economic Forecast for winter 2021/22: pandemic slowing economic recovery
KOF Monetary Policy Communicator, December 2021
KOF Economic Barometer virtually unchanged at the end of the year
2020
January
Euro-Area Economy to Pick Up Some Momentum
KOF Monetary Policy Communicator for the Euro Area, January 2020
KOF Economic Barometer: Normalisation at the Start of the Year
February
KOF Employment Indicator: Stronger Increase in Staffing Levels at Service Companies
One Company in Three Operating in the Euro Area Reports Worse Competitiveness
KOF Economic Barometer: Third Increase in a Row – Sentiment before the Spread of Coronavirus in Italy
March
Global Economic Barometers: International Economy in Grip of the Coronavirus Epidemic
KOF Monetary Policy Communicator for the Euro Area, March 2020
KOF Economic Forecast: Switzerland teeters on the brink of a coronavirus recession
KOF Economic Barometer: Strongest monthly plunge since 2015
ETH Professors Sturm and Gersbach: A «short-time working regime for capital» is now needed
April
Corona Crisis Could Cost the Swiss Economy CHF 35 billion between March and June
Joint Economic Forecast for Germany: Economy in Shock – Fiscal Policy to Counteract
Global Economic Barometers: Increased Impact of COVID-19 on the International Economy
Eurozone Economic Outlook: Euro Area Slides into Recession
KOF Economic Barometer: Historical Decline
KOF Monetary Policy Communicator for the Euro Area, April 2020
May
Business Situation Indicator in Freefall – Historic Challenge for Service Providers
KOF Employment Indicator: Employment Prospects Collapse
The coronavirus crisis is having a financial and psychological impact on the self-employed
Global Economic Barometers: The Crisis Deepens
KOF Economic Forecast for May 2020: COVID-19 pandemic triggers deep recession in Switzerland; tax revenues expected to fall by over CHF 5.5 billion this year
Tourism Forecast: Number of Overnight Stays Will Fall by a Third
KOF Economic Barometer: Historical Low Reached
June
KOF Monetary Policy Communicator for the Euro Area, June 2020
Global Economic Barometers: Rise After Three Consecutive Declines
Weaker Economic Downturn in Switzerland than in Neighbouring Countries
Combatting the Weakness of Investment: ETH Researchers Propose Adjustment of the COVID-19 Lending Programme
KOF Economic Barometer: First Positive Signals
July
After Collapse, Eurozone Economy Starts Slow Recovery
Global Economic Barometers Signal Economic Rebound
KOF Monetary Policy Communicator for the Euro Area, July 2020
KOF Economic Barometer: Alleviation in sight
August
KOF Employment Indicator: The Outlook for the Swiss Labour Market Remains Bleak
Business Situation Eases; Second Coronavirus Wave Could, However, Trigger A Further Sharp Drop in GDP
Global Economic Barometers Continue to Rebound
No wave of bankruptcies in Switzerland for the time being; support measures appear to have had an effect
KOF Forecast Update: Historically Deep Recession - Return to Pre-crisis Level in 2022 at the Earliest
KOF Economic Barometer: Strong Increase
September
Investment in digitalisation: innovative strength and IT security raise productivity
Global Economic Barometers Maintain Upward Tendency
KOF Monetary Policy Communicator, September 2020
Growth of the Euro Economy Will Plateau
KOF Economic Barometer: Rise to a similar level as at the end of the financial crisis
October
Global Economic Barometers: Weakening Momentum
Joint Economic Forecast for Germany: Recovery Loses Momentum
KOF Forecast: Fragile recovery; two scenarios for the economy going forward
KOF Tourism Forecast: pandemic reduces number of overnight stays by 13 million
KOF Economic Barometer: Recovery weakens
KOF Monetary Policy Communicator, October 2020
November
KOF Employment Indicator: bleak outlook for the labour market
Business situation improving at the beginning of autumn but some firms becoming more sceptical
Global Economic Barometers signal continuing recovery
KOF Healthcare Expenditure Forecast: slightly lower growth this year
KOF Economic Barometer: Slight Weakening
December
Global Barometers signal slowing world recovery
KOF Monetary Policy Communicator, December 2020
KOF Economic Forecast for winter 2020/2021: second wave weighing on the labour market
Forecast for Euro Area Revised Downwards
KOF Economic Barometer: Constant Level at the End of the Year
2019
January
Eurozone Will See Slower Economic Growth
KOF Monetary Policy Communicator for the Euro Area, January 2019
KOF Economic Barometer: Downward Tendency Becomes Clearer
February
KOF Employment Indicator: Labour Market Has Passed Its Peak
KOF Business Tendency Surveys: Swiss Companies Facing Headwinds
Investment Growth Set to Slow in 2019
KOF Economic Barometer Continues to Fall
March
KOF Monetary Policy Communicator for the Euro Area
KOF Economic Barometer Halts its Drop
May
KOF Employment Indicator: Significant Differences Between the Sectors
Companies’ Situation Is Becoming More Difficult
KOF Forecasts for Swiss Tourism: Good Winter for Alpine Regions
KOF Economic Barometer: Second drop in a row
June
KOF Monetary Policy Communicator for the Euro Area, June 2019
KOF Economic Forecast for Summer 2019: Industry Bolsters Swiss Economy
KOF Healthcare Expenditure Forecast: Growth Rate Edges Up Again
Weak Industry Causes a Slight Dip in Eurozone Economy
KOF Economic Barometer: Stagnation at a Low Level
July
KOF Monetary Policy Communicator for the Euro Area, July 2019
KOF Economic Barometer: Headwind recedes
August
KOF Employment Indicator: Short-term Outlook Positive Thanks to Domestic Sectors
KOF Business Tendency Surveys from July 2019: Downturn Halted for the Time Being
KOF Economic Barometer: Standing still, but slight shifts
September
KOF Monetary Policy Communicator for the Euro Area, August 2019
KOF Economic Barometer: Downward Dynamic Continues
October
Global Downturn Hitting the Swiss Economy
Only Weak Economic Growth in the Euro Area
KOF Globalisation Index: Weaker World Trade Slowing Globalisation
KOF Monetary Policy Communicator for the Euro Area, October 2019
Number of Overnight Stays Hits a New Record
KOF Economic Barometer: Stabilization at a low level
November
KOF Employment Indicator: Industry’s Expectations Deteriorate Significantly
KOF Business Tendency Surveys from October 2019: Business Situation under Further Pressure
KOF Healthcare Expenditure Forecast: Rising Wages Are Pushing up Healthcare Spending
KOF Economic Barometer: Downward Tendency Continues
December
KOF Youth Labour Market Index: Switzerland Back at the Top
KOF Economic Forecast: Period of Weakness Persists
KOF Monetary Policy Communicator for the Euro Area, December 2019
KOF Economic Barometer: Distinct Increase at the End of the Year
2018
January
Euro-area Economy Grows Strongly
KOF Globalisation Index: Globalisation Down Worldwide in 2015
KOF Monetary Policy Communicator for the Euro Area
KOF Economic Barometer Is Easing
Sustained Investment Momentum of Swiss Firms
February
KOF Employment Indicator Promises a Good Spring Season for the Labour Market
KOF Business Tendency Surveys from January 2018: Swiss Companies Are Getting the New Year Off to a Strong Start
KOF Economic Barometer Stabilises at a High Level
March
KOF Monetary Policy Communicator for the Euro Area
Euro Area Economy Sees Robust Growth
Broad-based Upturn
KOF Economic Barometer is Falling
April
KOF/SRF Survey of Economists on the Sovereign Money Initiative: Majority of Economists Reject the Initiative
Economic Experts Raise Forecast for German Economy Slightly
KOF Monetary Policy Communicator for the Euro Area
KOF Economic Barometer: Economic Outlook Remains Stable
May
KOF Employment Indicator: Firms Planning to Create Jobs
KOF Business Tendency Surveys: Swiss economy at a stable high
KOF Forecasts for Swiss Tourism: Recovery of Swiss Tourism Sector Continues
KOF Economic Barometer Falls Back to its Long-term Average
June
KOF Expects Health Care Expenditures to Grow More Slowly
KOF Monetary Policy Communicator for the Euro Area
KOF Economic Forecast: Upturn Continues
KOF Economic Barometer: Economic Outlook Improves Slightly
July
Upturn in Euro Area Continues but Risks Grow
Swiss Companies Expand Capacities
KOF Monetary Policy Communicator for the Euro Area
KOF Economic Barometer Remains Practically Unchanged
August
KOF Employment Indicator: Scores of Companies Plan to Create New Jobs
KOF Business Tendency Surveys, July 2018: Swiss Economy Currently on the Ascent – Outlook Less Optimistic
KOF Economic Barometer Is Falling
September
KOF Monetary Policy Communicator for the Euro Area
Euro Area’s Economy Stays on Growth Track
Joint Economic Forecast for Germany: Upturn Loses Momentum
KOF Economic Barometer Climbing
October
Swiss Economy Motoring Ahead
KOF Monetary Policy Communicator for the Euro Area
KOF Economic Barometer: Upswing Sets a More Leisurely Pace
Swiss Tourism Has Turned the Corners
November
Outlook for the Labour Market Remains Positive
KOF Business Tendency Surveys from October 2018: Business Situation Hardly Changed
KOF Healthcare Expenditure Forecast: Growth Rate Remains Relatively High
KOF Economic Barometer: Economic Outlook Clouds Over
December
Recovery on the Youth Labour Market; Conditions in Switzerland Remain Highly Encouraging
Swiss Economy Losing Momentum
KOF Monetary Policy Communicator for the Euro Area, December 2018
KOF Globalisation Index: Globalisation Lull Continues
KOF Economic Barometer: Downward Tendency Proceeds
2017
January
KOF Monetary Policy Communicator (MPC)
KOF Economic Barometer: Soft Drop
February
Growing Concentration of R&D Activities in Switzerland
KOF Employment Indicator Not Budging
KOF Business Tendency Surveys, January 2017: Companies Report Subdued Situation at the Beginning of the Year
KOF Economic Barometer Rises Markedly
March
KOF Monetary Policy Communicator (MPC)
KOF Consensus Forecast: Befragte Konjunkturexperten revidieren Prognose für 2017 kaum
KOF Economic Forecast, Spring 2017: Swiss Economy Continues to Recover
KOF Economic Barometer Continues to Rise
April
KOF Index of Globalization 2017: Netherlands Are the Most Globalized Country
KOF Monetary Policy Communicator for the Euro Area
KOF Economic Barometer Is Easing
May
KOF Employment Indicator: Labour Market Is Picking Up
KOF Business Tendency Surveys of April 2017: Business Situation Improves Further
KOF Economic Barometer Decreases Substantially
KOF Forecasts for Swiss Tourism: Upward Pointing Trend
June
Digitalisation Has Little Effect on Employment
KOF Monetary Policy Communicator for the Euro Area
KOF Health Expenditure Forecast: Per Capita Health Expenditure Set to Climb to More than CHF 10,000 in 2018
KOF Economic Forecast, Summer 2017: Economic Situation Picks Up Further
KOF Economic Barometer: Prospects Are Brightening again
July
KOF Monetary Policy Communicator for the Euro Area
KOF Economic Barometer: Outlook for the Swiss Economy Remains Favourable
August
KOF Employment Indicator Still on the Rise
KOF Business Tendency Surveys, July: Overall Positive Business Situation despite Setbacks
KOF Economic Barometer Falls
September
KOF Monetary Policy Communicator for the Euro Area
Euro Area Economy Continues to Grow Strongly
KOF Economic Barometer: Outlook for the Swiss Economy Remains Favourable
October
KOF Youth Labour Market Index: Denmark, Switzerland, Austria, and Germany Maintain Leading Positions
KOF Economic Forecast Autumn 2017: International Impulses Stimulate the Swiss Economy
KOF Forecasts for Swiss Tourism: Is Swiss Tourism Picking Up?
KOF Monetary Policy Communicator for the Euro Area
KOF Economic Barometer: Prospects for the Swiss Economy Continue to Brighten Up
November
KOF Employment Indicator: The Recovery Continues
KOF Business Tendency Surveys, October 2017: Muted Business Situation
KOF Forecast of Health Care Expenditures: Shift From Inpatient to Outpatient Treatment Continues
KOF Economic Barometer: Swiss Economy Gains Pace
European Construction Industry Is Booming
December
KOF Economic Forecast Winter 2017/2018: Economy Rebounds
KOF Monetary Policy Communicator for the Euro Area
KOF Economic Barometer Rises Further
2016
December
Ablehnung italienische Verfassungsreform: Risiko für Schuldenkrise in Italien gestiegen
KOF Monetary Policy Communicator (MPC)
KOF Health Expenditure Forecast: Uptrend set to continue into 2018
KOF Economic Forecast, Winter 2016/2017: Slow Recovery in Uncertain Times
KOF Consensus Forecast: Konjunkturexperten revidieren Exportprognose nach oben
KOF Economic Barometer Unchanged
November
Employment Indicator: Labour Market Still Not in Full Swing
KOF Business Tendency Surveys: Situation Is Picking Up
US-Präsident Donald Trump: Die wirtschaftlichen Auswirkungen auf die Schweiz
KOF Economic Barometer Is Falling
October
KOF Economic Forecast Autumn 2016: Return to Moderate Growth
KOF Youth Labour Market Index: Working Conditions for Young People Strongly Affected by the Great Recession
KOF Monetary Policy Communicator (MPC)
KOF Forecasts for Swiss Tourism: Outlook is Brightening Up
KOF Economic Barometer Is Climbing
September
Diese Ökonomen prägen die Debatte in der Schweiz: KOF-Direktor Jan-Egbert Sturm auf Rang drei
KOF Monetary Policy Communicator (MPC)
KOF Consensus Forecast: Konjunkturexperten senken Prognose der Arbeitslosenquote
Gemeinschaftsdiagnose für Deutschland, Herbst 2016
KOF Economic Barometer: Slight Recovery
August
KOF Employment Indicator: Waiting for the Upturn
KOF Business Tendency Surveys from July: Improved Business Situation, Minor Impact of Brexit Vote
KOF Economic Barometer: A Dip Below the 100 Points Level
July
KOF Economic Barometer: Prospects for the Swiss Economy Remain Favourable
KOF Monetary Policy Communicator (MPC)
June
KOF Monetary Policy Communicator (MPC)
KOF Economic Barometer: Stable Development in Switzerland
KOF Health Expenditure Forecast, Spring: Moderate Trend Followed by Growing Dynamics
KOF Summer Forecast: Prices Slowly Recovering, Moderate Economic Outlook
KOF Consensus Forecast: Ökonomen revidieren Prognosen kaum
Auswirkungen des «Brexit» auf Europa und die Schweiz
May
KOF Forecasts of Swiss Tourism
KOF Economic Barometer: Positive Trend Continues
KOF Business Tendency Surveys from April: Companies’ Business Situation More Relaxed
KOF Employment Indicator: Swiss Labour Market Is Struggling
April
KOF Monetary Policy Communicator (MPC)
KOF Economic Barometer: Remains at Last Month’s Level
Gemeinschaftsdiagnose für Deutschland
March
KOF Monetary Policy Communicator (MPC)
KOF Economic Barometer: Unchanged Compared to Last Month
KOF Spring Forecast: Swiss Economy in a Turbulent Environment
KOF Index of Globalization 2016: Netherlands Beat Ireland and Belgium
KOF Consensus Forecast: Ökonomen senken Inflationsprognose für 2016
Patentportfolio Schweiz
February
KOF Economic Barometer: Prospects are Brightening
KOF Investment Survey Autumn 2015: Special Effects Drive Investments despite Insecurity
KOF Business Tendency Surveys from January: Restrained Business Situation Assessment at the Start of the Year
KOF Employment Indicator: Development Appears to Have Bottomed Out
January
KOF Monetary Policy Communicator (MPC)
KOF Economic Barometer: Back to Long-term Average
KOF Study Service Public: The Macroeconomic Role of Public Services
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