Switzerland Economic Sentiment August 2018

Switzerland

Switzerland: Economic sentiment falls close to its long-term average in August

August 29, 2018

In August, the KOF economic barometer—a leading composite indicator for the Swiss economy forecasting a six-month period—inched down from a revised 101.7 points in July (previously reported: 101.1 points) to 100.3 points. The index currently lies slightly above the series’ long-run average of 100 points, which indicates slightly better-than-average economic activity in coming months.

The deterioration observed in August resulted largely from a negative contribution from the manufacturing and export-oriented sectors, due to worsening production outlooks. Conversely, indicators related to private consumption shows some signs of improvement in the month.

FocusEconomics Consensus Forecast panelists expect GDP growth of 2.2% in 2018, which is unchanged from last month’s forecast. For 2019, the panel sees GDP growth moderating to 1.8%.


Author:, Economist

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Switzerland Economic Sentiment Chart


Switzerland Economic Sentiment August 2018

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


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