Switzerland Economic Sentiment February 2016


Leading economic indicator improves again in February

Switzerland’s KOF economic barometer—a composite leading indicator for the Swiss economy in the next six months—increased from 100.4 points in January to 102.4 points in February, thus marking the highest level in nine months.

The KOF Swiss Economic Institute commented that the increase in the economic barometer in February was mainly attributed to an improvement of the sentiment in the manufacturing industry, in particular the indicators for the metal and chemistry industries. Moreover, the financial sector also increased over the previous month. Conversely, the indicators related to the construction sector deteriorated compared to January.

The State Secretariat for Economic Affairs (SECO) expects GDP to expand 1.5% in 2016. FocusEconomics Consensus Forecast panelists expect GDP to expand 0.9% in 2016, which is unchanged from last month’s projection. For 2017, the panel expects economic growth to accelerate to 1.3%.

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Switzerland Economic Sentiment Chart

Switzerland Economic Sentiment February 2016

Note: KOF Economic Barometer Indicator.
Source: KOF Swiss Economic Institute.

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