Switzerland Economic Sentiment August 2020

Switzerland

Switzerland: Economic conditions improve markedly in August

August 28, 2020

The KOF economic barometer—a leading composite indicator for the Swiss economy—rose to 110.2 in August from 86.0 in July, marking the third consecutive monthly improvement. As a result, the index moved above the long-term average of 100, indicating a positive near-term outlook for the Swiss economy.

August’s figure was driven by improved readings regarding manufacturing, hospitality and foreign demand. In contrast, the construction sector worsened slightly.

FocusEconomics Consensus Forecast panelists expect the economy to contract 6.1% in 2020, which is unchanged from last month’s forecast. In 2021, the panel expects GDP to expand 4.8%.


Author:, Economist

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Switzerland Economic Sentiment Chart


Switzerland Economic Sentiment August 20 20 0

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


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