Switzerland Economic Sentiment June 2021

Switzerland

Switzerland: KOF Economic Barometer falls in June but remains at historically high level

June 30, 2021

The KOF Economic Barometer fell to 133.4 in June from May's 143.7. As a result, the index remained above the long-term average of 100, and still points to a very positive near-term outlook for the Swiss economy.

Following several months of surging readings as the economy reopened and pent-up demand was released, some normalization in the Barometer was always to be expected, with June’s dip driven by less positive signs regarding the manufacturing sector, foreign demand, and the accommodation and food services sector.

FocusEconomics Consensus Forecast panelists project the economy to expand 3.4% in 2021, which is up 0.1 percentage points from last month’s forecast. In 2022, the panel expects GDP to grow 2.8%.


Author:, Economist

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Switzerland Economic Sentiment Chart


Switzerland Economic Sentiment June 2021

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


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