Switzerland Economic Sentiment December 2020

Switzerland

Switzerland: KOF Economic Barometer inches up in December

December 30, 2020

The KOF Economic Barometer—a leading composite indicator for the Swiss economy—rose from 103.7 in November to 104.3 in December, slightly above the long-term average of 100. Notwithstanding the slight uptick, according to the KOF Swiss Economic Institute “the prospects for the Swiss economy remain subdued at the beginning of the new year due to the ongoing pandemic.”

December’s reading was driven by more positive signs regarding manufacturing and private consumption. In contrast, indicators relating to foreign demand were more negative.

FocusEconomics Consensus Forecast panelists expect the economy to expand 3.6% in 2021, which is unchanged from last month’s forecast. In 2022, the panel expects GDP to expand 2.8%.


Author:, Economist

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Switzerland Economic Sentiment Chart


Switzerland Economic Sentiment December 20 20

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


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