Switzerland Economic Sentiment April 2022

Switzerland

Switzerland: KOF Economic Barometer rises into optimistic territory in April

April 29, 2022

The KOF Economic Barometer rose to 101.7 in April from March's 99.2. Consequently, the index moved above the long-term average of 100, pointing to a positive near-term outlook for the Swiss economy.

April’s stronger reading was driven by healthier signs regarding accommodation and food services, and other services activity, amid the waning impact of the pandemic. However, foreign demand was a drag on momentum due to the fallout from the war in Ukraine.

FocusEconomics Consensus Forecast panelists expect the economy to expand 2.7% in 2022, which is down 0.3 percentage points from last month’s forecast. In 2023, the panel expects GDP to expand 1.8%.


Author:, Economist

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Switzerland Economic Sentiment Chart


Switzerland Economic Sentiment April 2022

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


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