Switzerland Economic Sentiment April 2018


Switzerland: Economic sentiment ticks up in April on firmer output

April 30, 2018

In April, the KOF economic barometer—a leading composite indicator for the Swiss economy forecasting a six-month period—ticked up 0.2 points to 105.3 from a revised 105.1 in March (previously reported: 106.0). Roughly stable form a month earlier, April’s reading remained above the 100-point threshold, signaling continued economic expansion above the series’ long-run average and a favorable short-term outlook.

April’s stronger performance was due largely to gains in the manufacturing and construction sectors, which benefited from improved competitiveness and stronger earnings. Moreover, the banking sector recorded a slight upturn. Export prospects, on the other hand, deteriorated. According to survey data, employment gains also moderated in the month.

The State Secretariat for Economic Affairs (SECO) expects GDP growth to reach 2.3% in 2018 before easing to 1.9% in 2019. FocusEconomics Consensus Forecast panelists expect GDP growth to clock in at 2.1% in 2018, which is up 0.2 percentage points from last month’s forecast. For 2019, the panel expects GDP growth to moderate to 1.8%.


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Switzerland Economic Sentiment Chart

Switzerland Economic Sentiment April 2018

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

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