Switzerland Economic Sentiment October 2021


Switzerland: KOF Economic Barometer records worst reading since February but remains elevated in October

October 29, 2021

The KOF Economic Barometer came in at 110.7 in October, down from September's 111.0. October's result marked the worst reading since February. Consequently, the index remained entrenched above the long-term average of 100, pointing to a still very positive near-term outlook for the Swiss economy amid the successful containment of the Covid-19 pandemic at home.

Signs regarding the food and beverage industry improved in October, while indicators relating to other services, manufacturing, foreign demand and finance deteriorated.

FocusEconomics Consensus Forecast panelists project the economy to expand 3.0% in 2022, which is up 0.1 percentage points from the previous month’s forecast. In 2023, the panel expects GDP to grow 1.7%.

Author:, Economist

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Switzerland Economic Sentiment Chart

Switzerland Economic Sentiment October 2021 0

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

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