Switzerland’s economic outlook improved significantly in June as the KOF economic index rose from 98.6 to 101.2, comfortably beating expectations of 99.4 and moving back above its long-term average of 100. The latest reading suggests that growth momentum is strengthening after several months of below-trend performance.
KOF said the improvement was primarily driven by manufacturing, where production-related indicators showed a notable recovery. Demand-side indicators also strengthened, with both foreign demand and private consumption contributing positively to the outlook. “The outlook for the Swiss economy is improving significantly,” the institute said, adding that the barometer rose “slightly above its average” after remaining below the trend in recent months.
The survey indicates a more balanced recovery in the Swiss economy, supported by external and domestic demand. The improvement in foreign demand suggests that Swiss exporters continue to benefit from resilient global activity, while strong private consumption suggests that households are becoming more confident. Together, these data reinforce expectations that the Swiss economy is regaining momentum after a weak start to the year.
| index | former | Latest | consensus |
|---|---|---|---|
| KOF Economic Barometer | 98.6 | 101.2 | 99.4 |
