Switzerland Economic Sentiment April 2016


Switzerland: Leading economic indicator is virtually unchanged in April

April 29, 2016

Switzerland’s KOF economic barometer—a composite leading indicator for the Swiss economy in the next six months—inched down from a revised 102.8 points in March (previously reported: 102.5 points) to 102.7 points in April. The indicator continued to hover above its long-term average, where it has stayed in last three months.

The KOF Swiss Economic Institute commented that the relatively positive result in the economic barometer in April was mainly attributed to positive signals from the manufacturing and hospitality sectors. Conversely, negative developments were seen in the financial sector, construction and export-related industries. The optimistic sentiment in manufacturing is mainly driven by an improvement in the outlook for the textile industry as well as for the food and chemical industries. Overall, the Swiss economy is expected to maintain a favorable growth trajectory.

The State Secretariat for Economic Affairs (SECO) expects GDP to expand 1.4% in 2016 and 1.8% in 2017. FocusEconomics Consensus Forecast panelists expect GDP to expand 1.1% in 2016, which is unchanged from last month’s projection. For 2017, the panel expects economic growth to accelerate to 1.6%.

Author: Marlène Rump, Senior Data Analyst

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Switzerland Economic Sentiment Chart

Switzerland Economic Sentiment April 2016

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

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