Switzerland Economic Sentiment July 2021


Switzerland: KOF Economic Barometer deteriorates but remains elevated in July

July 30, 2021

The KOF Economic Barometer came in at 129.8 in July, down from June's 133.3. As a result, the index remained entrenched above the long-term average of 100, and still points to a very positive near-term outlook for the Swiss economy.

After surging through May as the economy reopened and pent-up demand was released, some normalization in the Barometer was always to be expected, with July’s dip driven by less positive signs regarding manufacturing, foreign demand, construction, financial services and private consumption.

FocusEconomics Consensus Forecast panelists expect the economy to expand 3.5% in 2021, which is up 0.1 percentage points from last month’s forecast. In 2022, the panel expects GDP to expand 2.9%.

Author:, Economist

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Switzerland Economic Sentiment Chart

Switzerland Economic Sentiment July 2021

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

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