Switzerland Economic Sentiment June 2022

Switzerland

Switzerland: KOF Economic Barometer drops to over one-year low in June

June 30, 2022

The KOF Economic Barometer came in at 96.9 in June, down from May's 97.7. June's result marked the weakest reading since January 2021. Consequently, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the Swiss economy.

June’s softer reading was driven by weaker manufacturing and foreign demand indicators. In contrast, the financial and construction sectors appeared broadly stable.

FocusEconomics Consensus Forecast panelists expect the economy to expand 2.5% in 2022, which is down 0.1 percentage points from last month’s forecast. In 2023, the panel expects GDP to expand 1.5%.


Author:, Economist

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Switzerland Economic Sentiment Chart


Switzerland Economic Sentiment June 2022

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


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