Switzerland Economic Outlook
October 27, 2020The economy appeared to recover robustly in Q3 from Q2’s downturn as restrictions on activity at home were lifted. The KOF Economic Barometer hit a ten-year high in September amid positive signs from the manufacturing and hospitality sectors. Moreover, both the manufacturing and services PMIs rose throughout the quarter, and retail sales were solid in July and August. However, the recovery could be slowing heading into Q4. External demand is likely suffering from fresh lockdown measures abroad, and the federal government limited public gatherings in mid-October amid a surge in new Covid-19 cases. Moreover, although domestic restrictions remain laxer than in many European neighbors, stricter measures could be on the way, while the second wave of cases could dampen consumer confidence and domestic demand.
Switzerland Economic GrowthFollowing a likely sharp contraction in 2020, the economy is set to expand strongly next year as external demand recovers. However, the uncertain evolution of the virus and tense relations with the EU due to disagreements over the renegotiation of the trading relationship pose downside risks. FocusEconomics Consensus Forecast panelists expect the economy to expand 4.0% in 2021, which is down 0.3 percentage points from last month’s forecast. In 2022, the panel expects GDP to expand 2.6%.
Switzerland Economy Data
5 years of Switzerland economic forecasts for more than 30 economic indicators.
Get a sample report showing our regional, country and commodities data and analysis.
|Bond Yield||-0.51||6.27 %||Jan 01|
|Exchange Rate||0.97||-0.54 %||Jan 01|
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Switzerland Economic News
May 5, 2021
Consumer prices rose 0.21% from the previous month in April, slowing down from March's 0.34% rise.
May 3, 2021
The manufacturing Purchasing Managers’ Index (PMI) produced by Credit Suisse and procure.ch rose to 69.5 in April from March's 66.3.
April 30, 2021
The KOF Economic Barometer came in at 134.0 in April, up notably from March's 118.0.
April 30, 2021
Retail sales increased 22.6% year-on-year in calendar-adjusted terms in March (February: -6.6% c.a.
April 1, 2021
Consumer prices increased 0.34% in March over the previous month, accelerating from the 0.16% rise recorded in February.