Switzerland Economic Sentiment December 2021

Switzerland

Switzerland: KOF Economic Barometer records worst reading since February in December, but remains fairly upbeat

December 31, 2021

The KOF Economic Barometer came in at 107.0 in December, down from November's 107.5. December's result marked the weakest reading since February. Consequently, the index remained above the long-term average of 100, pointing to a positive near-term outlook for the Swiss economy.

December’s weaker reading was driven by more negative signs regarding private consumption, amid the fresh wave of Covid-19 cases. The finance and insurance sector also contributed negatively. In contrast, indicators regarding foreign demand were more robust.

FocusEconomics Consensus Forecast panelists project the economy to expand 3.0% in 2022, which is unchanged from the previous month’s forecast. In 2023, the panel expects GDP to grow 1.9%.


Author:, Economist

Sample Report

Looking for forecasts related to Economic Sentiment in Switzerland? Download a sample report now.

Download

Switzerland Economic Sentiment Chart


Switzerland Economic Sentiment December 2021

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


Switzerland Economic News

More news

Search form