Swiss housing on the lake with mountains in switzerland

Switzerland Economic Sentiment September 2019

Switzerland: KOF economic barometer drops in September to lowest level since 2015

The KOF economic barometer—a leading composite indicator for the Swiss economy, which forecasts a six-month period—dropped to 93.2 in August, its lowest level since 2015, and below July’s revised figure of 95.5 (previously reported: 97.0 points). Subsequently, the indicator remained below the series’ long-run average of 100 points, suggesting the economy will expand at a weaker rate in the short-term than its 10-year average rate.

In September, the fall in the barometer reading was mainly driven by declining developments in the manufacturing industry, principally through less favorable order backlogs, production and the overall business situation. Declines in the service industry, accommodation and food services were also seen.

Amid intensifying global trade tensions and weak momentum in the Euro area, the KOF indicator has remained entrenched below the 100-point threshold so far this year, suggesting economic growth will likely continue to be subdued through towards the end of 2019.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest