No. 123, November

The KOF business situation is barely any different in October compared to the previous month. This means that the business situation of Swiss companies has not changed significantly since July of this year (See G 1). Optimism on the part of companies regarding future business trends has fallen back slightly. The Swiss economy is continuing to ride high, although with slightly less of a tail wind.

Is there any benefit for companies if other companies have foreign operations? A new KOF study suggests that “domestic companies” in Switzerland benefit from the R&D operations of other Swiss companies abroad, in relation specifically to both innovation and productivity.

Following an extended lean period, the Swiss tourism sector has the wind in its sails again. The main reason for this is the fall in relative prices, in particular compared to Austria.

The KOF has revamped and upgraded its quarterly publication KOF International Forecasts. The KOF International Forecasts are made for a Swiss audience and present the outlook for the international economy and Swiss exports in form of graphs, tables and maps.