02
KOF Economic Barometer declines but remains above its medium-term average
In February, the KOF Economic Barometer decreases. After an increase in the previous months, it remains above its medium-term average. While faced with headwinds, the Swiss Economy shows a robust outlook.
Global Barometers rise in February after falling in January
The Global Barometers increase slightly in February, partially recovering the losses of the previous month. The results indicate a possible consolidation of these levels for the indicators, after an upward tendency was indicated at the end of 2024.
KOF Business Tendency Surveys: dampener at the start of 2025
The KOF Business Situation Indicator for the Swiss private sector, which is calculated on the basis of the KOF Business Tendency Surveys, fell in January. It had previously risen in October and November last year and remained virtually unchanged in December. Business expectations for the next six months were once again slightly more cautious in January than they had been in December.
KOF Employment Indicator: outlook remains subdued
The KOF Employment Indicator has fallen slightly in the first quarter of 2025 compared with last quarter. This decline is primarily due to the worsening employment prospects in the retail and manufacturing sectors. Overall, the Swiss labour market is expected to remain subdued this quarter and next.