Switzerland Economic Sentiment August 2022

Switzerland

Switzerland: KOF Economic Barometer falls to over two-year low in August

August 31, 2022

The KOF Economic Barometer fell to 86.5 in August from July's 90.5. August's result marked the worst reading since July 2020, and was the fourth consecutive monthly decline. Consequently, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the Swiss economy.

August’s drop was due to more negative signals regarding private consumption, manufacturing and construction. Problems in manufacturing and construction were largely the result of supply bottlenecks and difficulties hiring suitable workers.

FocusEconomics Consensus Forecast panelists project the economy to expand 2.5% in 2022, which is unchanged from the previous month’s forecast, and 1.3% in 2023.


Author:, Economist

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Switzerland Economic Sentiment Chart


Switzerland Economic Sentiment August 2022

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


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