Switzerland Economic Sentiment March 2021

Switzerland

Switzerland: KOF Economic Barometer picks up in March

March 30, 2021

The KOF Economic Barometer jumped to 117.8 in March from February's 102.6. March's result marked the strongest reading since June 2010. Consequently, the index moved further above the long-term average of 100, signaling a strong recovery in the coming months.

The improvement was largely due to a better outlook for the manufacturing sector, while indicators for domestic and foreign demand also recorded improvements. That said, most of the data for the survey was collected before the Federal Government delayed the second phase of lockdown easing on 19 March.

FocusEconomics Consensus Forecast panelists expect the economy to expand 3.2% in 2021, which is up 0.1 percentage points from last month’s forecast. In 2022, the panel expects GDP to expand 2.9%.


Author:, Economist

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Switzerland Economic Sentiment Chart


Switzerland Economic Sentiment March 2021

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


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