Press Releases

The KOF Economic Barometer falls slightly in March and now stands at 101.5 points. The Barometer had recorded repeated increases since mid 2023 and is now stabilizing above its long-term average. The outlook for the Swiss economy therefore remains positive.

In February, the KOF Economic Barometer decreases slightly after having risen three times in a row. On the back of these previous increases, the Barometer remains above average. Despite the slight cooling, the rather positive economic signals in Switzerland remain intact.

The KOF Economic Barometer rises for the third consecutive month in January. This is the first time since March last year that it rises above its medium-term average. There are increasing signs that the Swiss economy will soon recover.

The KOF Economic Barometer rose moderately again in December and now stands at 97.8 points. It is thus once again moving one step closer to its long-term average. The movements at below-average levels that have been observed since the beginning of 2023 are thus continuing. The outlook for the Swiss economy for the start of 2024 therefore remains subdued despite a further improvement.

In November, the KOF Economic Barometer rises moderately and now stands at 96.7 points. It is thus continuing to approach its long-term average. Since the mid of 2023, it has thus remained at a stable, albeit below-average level. Therefore, the outlook for the Swiss economy remains moderate.

In October, the KOF Economic Barometer remains at an almost unchanged level and stands now at 95.8 points. It thus remains slightly below its long-term average. Together with the small movements of the Barometer since the summer, this indicates a weak but stable development of the Swiss economy towards the end of this year.

The KOF Economic Barometer remains pessimistic in September and now stands at 95.9 points, following a revised value of 96.2 in August. The barometer thus remains below its long-term average. The economic barometer, which has been weakening in recent months, indicates a cooling Swiss economy for the end of 2023.

The KOF Economic Barometer fell slightly again in August and thus settled at the below average level observed since May. At 91.1 points, the barometer continues to signal below-average development. Accordingly, the Swiss economy has to expect a somewhat unfavourable economic situation in the near future.

The KOF Economic Barometer rises slightly in July. After three consecutive declines, it is now going up again for the first time, but at 92.2 points, it still shows a below-average development. The economic environment remains difficult for the Swiss economy.

In June, the KOF Economic Barometer stands at 90.8 points. The outlook for the Swiss economy thus remains at a below-average level for the second half of the year.

In May, the KOF Economic Barometer falls significantly and now stands at 90.2 points. This is the second time in a row that the barometer has fallen sharply. The outlook for the Swiss economy for the middle of 2023 is thus deteriorating further and remains at a below-average level.

In April, the KOF Economic Barometer declines, dipping slightly lower under its medium-term average value. At the moment, the Swiss economy cannot really find its footing.

The KOF Economic Barometer fell marginally in March. It now points just slightly below its long-term average value. Accordingly, the outlook for the Swiss economy has hardly changed compared to the previous month.

The KOF Economic Barometer in February rose for the third month in a row. It is now exactly at its long-term average value. Accordingly, the outlook for the Swiss economy has improved further.

The KOF Economic Barometer rises at an accelerated pace in January and for the second month in a row. It nonetheless remains below its medium-term average. But the outlook for the Swiss economy at the beginning of the year is considerably less gloomy than it was in autumn last year.

The KOF Economic Barometer increased significantly in December and now stands at 92.2 points. This is the first time the barometer has risen after a prolonged downturn. The outlook for the Swiss economy is thus brightening slightly for the beginning of 2023, although remaining at a low level.

In November, the KOF Economic Barometer decreased again slightly and stands now at 89.5 points. This is the fifth time in a row that the barometer has fallen. The outlook for the Swiss economy therefore remains subdued in the coming months.

In October, the KOF Economic Barometer decreased and now stands at 90.9 points. As a result, the barometer is below its long-term average for the sixth time in a row. The outlook for the Swiss economy in the coming months therefore remains subdued.

The KOF Economic Barometer remains virtually unchanged in September and now stands at 93.8 points, coming from a revised 93.5 points in August. However, the barometer remains below its long-term average. The barometer, which has been weakening in recent months, augurs a cooling of the Swiss economy for the end of 2022.

The KOF Economic Barometer fell by 4.0 points in August and now stands at 86.5. This is quite considerably below its long-term average. Accordingly, for the near future the outlook for the Swiss economy appears less than encouraging.

The KOF Economic Barometer declines in July for the third month in a row. After a moderate drop in the previous month, the fall is now accelerating again. The Swiss economy is likely to develop sluggishly in autumn.

In June, the KOF Economic Barometer declines again and now stands at 96.9 points. It is thus now below its long-term average for the second time in a row. The outlook for the Swiss economy in the upcoming months therefore remains subdued.

The KOF Economic Barometer declines in May and now stands at 96.8 points. The barometer is thus now below its long-term average. The Swiss economy is thus likely to develop moderately over the next few months.

After dipping below the long-term average in March, the KOF Economic Barometer rises in April again. The opportunities for parts of the economy due to the recovery from the pandemic are currently dominating the strains from the international environment.

The KOF Economic Barometer fell by 5.6 points in March and now stands at 99.7. This is just slightly below its long-term average. The recovery from the economic consequences of the pandemic is now overshadowed by the war in Ukraine. Overall, a moderate development of the Swiss economy can be expected for the near future.

The KOF Economic Barometer fell slightly in February and now stands at 105 points. This is still to some extent higher than the long-term average. The normalisation since the most recent peak in May 2021 is thus proceeding. The economic situation should therefore continue to develop positively.

The KOF Economic Barometer moved only very little in January. It increased slightly again after an even smaller decline in the previous month. This means that the barometer value has hardly changed since November. Presently, the economic outlook is above average, although the omicron wave could still have a negative impact.

The KOF Economic Barometer fell only slightly in December and now stands at 107 points. The barometer remains above its long-term average. The Swiss economy should thus continue to develop positively at the beginning of 2022, if the economic activity is not impaired by the renewed spread of the virus.

The KOF Economic Barometer moves one step further towards its long-term average shortly before the end of the year. The high-flying of the barometer, which was observed in the middle of the year, is being cushioned by a further corrective movement. However, the barometer remains above its long-term average. The prospects for the Swiss economy remain positive, given that economic activity is not impaired by a recurring spread of the virus.

The KOF Economic Barometer remains virtually unchanged in October. After repeated weakenings from a historically high level in the summer of this year, the Barometer has stabilised for the time being at 110.7 points. It is thus once again well above its long-term average. The prospects for the Swiss economy until the end of 2021 remain positive, given that the containment of the virus continues.

The KOF Economic Barometer declines for the fourth time in a row in September and now stands at 110.6 points. However, the Barometer remains above its long-term average. The recovery of the Swiss economy in the wake of the pandemic is thus slowing somewhat but is likely to continue in the upcoming months.

In August, the KOF Economic Barometer fell from its all-time high in May for the third time in a row and now stands at 113.5 points. However, this is still significantly higher than the long-term average. Accordingly, in the coming months the economic recovery from the consequences of the pandemic is expected to continue.

In July, the KOF Economic Barometer falls further below its May peak. Despite this second decline in a row, the barometer level is clearly above the long-term average. The economy is still on a strong expansion path, although the high pace of recent months may not to be sustained.

At mid-year, the KOF Economic Barometer moves a step towards its long-term average. The strong rise of the barometer across the last months is now replaced by a corrective movement. The barometer still lies well above its long-term average. The prospects for the Swiss economy remains very positive, provided that the economy is not severely affected by a renewed spread of the virus.

The KOF Economic Barometer once again reaches a historical high. The slight decline that the barometer underwent in the second half of 2020 has been replaced by continuing strong increases in the spring of this year. Once again, the barometer is well above its long-term average. The outlook for the Swiss economy for the middle of 2021 can be regarded as very positive, provided that the containment of the virus continues to progress.

The KOF Economic Barometer rises in April for the second month in a row by about 15 points. It thus surpasses its previous historical high, which it reached in the recovery after the financial crisis in the first months of the year 2010. Unless the virus takes another volte, economic development is likely to get a strong boost in the near future.

The KOF Economic Barometer rose to 117.8 points in March and now is as high as it was last in summer 2010.The Barometer thus signals a rapid economic recovery for the coming months.

In February, the KOF Economic Barometer rose above its long-term average. As a result, the downward trend since the interim high during the pandemic in September 2020 has come to an end, at least for the time being. For the next few months, the barometer now signals somewhat more lively economic activity.

The KOF Economic Barometer drops considerably in January. For the first time since July last year, it falls below its long-term average. After reaching an interim pandemic high in September, COVID-19 is now weighing more heavily on the economy again. The pandemic is causing gloomy economic prospects at the beginning of the year.

The KOF Economic Barometer remains virtually unchanged at the end of the year. The sharp declines that the barometer underwent in early 2020 have been offset by a rapid recovery during the summer. The barometer already reached a value above its long-term average again in August and was able to maintain this level during the second half of the year. However, the prospects for the Swiss economy remain subdued at the beginning of 2021 due to the ongoing pandemic.

The KOF Economic Barometer declines in November for the second time in a row, after a brief recovery in the summer. The barometer currently stands at 103.5 points, 2.8 points lower than in October (revised from 106.6 to 106.3 points). The barometer is thus moving towards its long-term average, which means that the outlook for the Swiss economy remains subdued also in view of the current pandemic situation.

The KOF Economic Barometer falls in October for the first time after a brief recovery phase. It now stands at 106.6 points, 3.5 points lower than in September (revised from 113.8 to 110.1 points). The economic outlook for Switzerland is subdued in view of the pandemic situation and the restrictions that are likely to result from it.

The KOF economic barometer rose in September for the fourth time in a row after a historic drop in spring this year. A comparable value of the barometer can last be observed at the end of the financial crisis in 2009/2010. At present, the economy is taking a V-shaped course, so that a recovery of the Swiss economy can be expected for the time being. However, a second wave of COVID-19 cases could lead to a sharp revision of this assessment.

The KOF economic barometer rose sharply in August, now for the third month in a row. The plus was almost the same as in the previous month, when the barometer showed the strongest monthly increase since the beginning of the calculated values in the early 1990s. The crash in the spring of this year was, however, 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.

The KOF Economic Barometer rises strongly in July for the second month in a row. This is the strongest monthly upward movement that the barometer has ever shown. However, the downward move in April was even more pronounced. The economic prospects for the Swiss economy therefore remain subdued.

The KOF Economic Barometer increases significantly in June. After the sharp declines of the last three months, the barometer is thus rising again for the first time. However, with a value comparable to April, the barometer is still considerably below its long-term average. As a result, the prospects of the Swiss economy are very subdued, but brightening up somewhat compared to the previous months.

In May, the KOF Economic Barometer reaches the lowest value in its history. After the exceptionally strong decline in April, the Barometer falls again, but at 6.5 points, the minus is much smaller than in the previous month. The rapid decrease of 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 KOF Economic Barometer declines in April more than ever before in its history. Within a very short period of time, it thus drops to a level (63.5 points) comparable to the 2009 financial crisis. Only in the first three months of 2009 the barometer values were still slightly lower than at present. The Swiss economy is in crisis mode.

The reading of the KOF Economic Barometer dropped drastically in March and is now with 92.9 well below its long-term average. Accordingly, the Swiss economy can be expected to see a marked decline in growth rates in the near future. This plunge of the Barometer reflects the first economic consequences of the accelerated spread of the Coronavirus.

The KOF Economic Barometer rose slightly in February. With the third increase in a row, it now lingers just above its long-term average. Accordingly, clearly positive growth rates would be expected for the Swiss economy in the near future. However, this is based on the sentiment before the outbreak of the coronavirus in northern Italy.

The KOF Economic Barometer rises in January. After already taking a step upwards in December, it is now back to its long-term average value. The barometer did not reach this level throughout 2019. The Swiss economy can free itself somewhat from its shackles.

The KOF Economic Barometer reaches its previous year’s closing level in December. The barometer, which tended to fall during the year 2019, has thus fully recovered. However, the barometer is still below its long-term average. The outlook for the Swiss economy at the beginning of 2020 is brightening somewhat, but remains subdued.

In November, the KOF Economic Barometer fell to its lowest level since 2015. The downward movement, which has been observed since the beginning of the year, continues. The barometer is still well below its long-term average. The outlook for the Swiss economy remains subdued.

The KOF Economic Barometer has halted its downward movement, at least for the time being. At 94.7 points, however, the barometer is still well below its long-term average. The Swiss economy is therefore likely to grow with below-average rates in the upcoming months.

In September, the KOF Economic Barometer falls to its lowest level since 2015. It now stands at 93.2 points, 2.3 points lower than in August (revised from 97.0 to 95.5 points). The downward tendency that has been evident since the beginning of the year is now continuing. The economic outlook for Switzerland remains gloomy towards the end of 2019.

The KOF Economic Barometer shows the same reading in August as in the previous month. The Barometer thus continues to indicate below-average momentum. Accordingly, during the next few months the Swiss economy can be expected to perform moderately.

The KOF Economic Barometer has climbed in July. After the indicator value remained stable in the previous month, the economic prospects are no longer quite as unfavourable as before. However, the Barometer continues to indicate below-average momentum. The Swiss economy continues to be weak.

The KOF Economic Barometer remains virtually unchanged in June compared to the previous month. It now stands at 93.6 points, 0.2 points lower than in May (revised from 94.4 to 93.8 points). The downward tendency that has been present since the beginning of the year is now flattening out. The economic outlook for Switzerland remains dampened in the middle of 2019.

The KOF Economic Barometer fell again in May. It therefore dives further below its long-term average. The Swiss economy is developing rather sluggishly.

The KOF Economic Barometer falls slightly in April, after last month's recovery, which had followed five consecutive declines. In April, however, it only loses a small part of the increase of the previous month. The Barometer value is still clearly below average. The Swiss economy is likely to develop sluggish in the coming months.

In March 2019, the KOF Economic Barometer rose and has reached a reading of 97.4. The recent downward tendency has at least for the time being ended. However, as the current barometer reading is still markedly below its average, in the coming months the Swiss economy can expect to experience rather weak growth rates.

In February 2019, the KOF Economic Barometer dropped to a reading of 92.4. The recent downward tendency thus continued unabated. Accordingly, the Swiss economy can expect to experience a weak phase in the coming months

The KOF Economic Barometer starts in 2019 with 95 points. It has fallen for the fourth time in a row and is now 5 points below its long-term average. The downward tendency that emerged at the end of last year continues. The economic outlook for Switzerland continues to dampen at the beginning of 2019

The KOF Economic Barometer closes 2018 with 96.3 points. More clearly than last month, the indicator lies below its long-term average. The high growth levels of the Swiss economy observed at the beginning of the year, can therefore no longer be maintained. As a result, the economic outlook for early 2019 is more clouded.

The KOF Economic Barometer falls for the second time in a row in November. With a level of 99.1 points, the Barometer is now slightly below its long-term average again. For the Swiss economy, the fairway is becoming slightly more difficult.

The KOF Economic Barometer fell in October after having risen in the previous month. At 100.1 points, the barometer is now as good as on its long-term average of 100.0. Since May of this year, the KOF Economic Barometer has thus been fluctuating around its long-term average. The Swiss economy is therefore in the coming months likely to grow with average rates.

In September 2018, the KOF Economic Barometer climbed by 3.3 points to a new reading of 102.2. It thus now pints to a level that is somewhat above its long-term average. Accordingly, in the near future the Swiss economy should grow slightly above its 10-year average.

In August 2018, the KOF Economic Barometer fell slightly by 1.4 points to a new reading of 100.3. It thus now pints to a level that is only marginally above its long-term average. Accordingly, in the near future Swiss growth should hover around its average over the last ten years.

The KOF Economic Barometer only slightly moved in July. Compared to its June value, it decreased by 0.2 to 101.1 points. The current Barometer value still stands slightly above the long-term average of 100 points; it thus indicates a slightly above-average economic development in Switzerland in the coming months.

The KOF Economic Barometer rose again in June for the first time in three months. It increased by 1.7 points to 101.7 points, stopping its downward tendency in spring. The current Barometer value is now slightly above the long-term average of 100.0. Thus, the KOF Economic Barometer indicates a slightly above-average economic development in Switzerland. The tailwind for the Swiss economy is no longer as strong as during winter.

The KOF Economic Barometer for May fell by 3.3 points to a new standing of exactly 100 points. The last time the Barometer had a similar standing was in December 2015. The current value of 100 points to an average development of the Swiss economy in the coming months.

The KOF Economic Barometer for April points to an almost stable economic development. It has risen minimally, by 0.2 points, to 105.3 points. Although the Barometer currently does not reach the positive values seen at the turn of the year 2017/2018, the current value is clearly above long-term average. The Swiss economic outlook remains favourable.

In March 2018, the KOF Economic Barometer fell by 2.4 points to a new reading of 106.0. Notwithstanding this decline, the present position is still on a level clearly above its long-term average. This indicates that in the near future the Swiss economy should continue to grow at rates above average.

In February 2018, the KOF Economic Barometer rose by 0.4 points to a new reading of 108.0. After the previous month’s decline, it thus stabilised its position on a level clearly above its long-term average. This indicates that in the near future the Swiss economy should continue to grow at rates above average.

In January, the KOF Economic Barometer does not continue its upward tendency, which started in September 2017, but has declined. However, despite the decline, the indicator remains well above its long-term average. It still indicates a more dynamic economic development than in mid-2017. The recovery of the Swiss economy is thus likely to continue, albeit with slightly less momentum than indicated in the past few months.