Forecasts & Indicators
The KOF regularly publishes various indicators and forecasts. These are partly based on the results of the KOF economic surveys among Swiss companies as well as external data.
News about Forecasts and Indicators:
KOF Employment Indicator falls to lowest level in four years
The KOF Employment Indicator has fallen again in the second quarter of 2025 and is now at its lowest level since the beginning of 2021, when the Swiss labour market was still being affected by the COVID pandemic. The Swiss labour market is expected to see subdued growth in both the current quarter and the next.
KOF Monetary Policy Communicator for the Euro Area, April 2025
The KOF MPC figure for 17 April 2025 is -0.18. At today’s meeting, the ECB’s Governing Council decided to lower the three key ECB interest rates.
Swiss economy caught in the tension between trade conflict and fiscal stimulus
Uncertainty is currently unusually high owing to the geopolitical strategy of the new US administration. Assuming that the international trade conflict does not escalate any further, KOF is forecasting that real sport-adjusted gross domestic product (GDP) will increase by 1.4 per cent in 2025. Although this international trade conflict is a burden, the fiscal stimulus expected in individual EU countries is boosting economic activity. KOF is predicting GDP growth of 1.9 per cent for 2026.