Suisse Confiance Des Entreprises

The KOF Economic Barometer in Switzerland rose to 101.6 in August 2024, up from a revised 100.6 in July and exceeding market expectations of 100.6. This increase follows a more significant decline the previous month and indicates that the Swiss economy is on a cautious recovery path. Key contributors to the rise include sectors like other services, consumer demand, and construction. Manufacturing and hospitality also saw slight improvements, though foreign demand indicators remained nearly stable. The financial and insurance sector, however, faced a setback. Within the producing industries, production and employment plans are improving, while competitive conditions and intermediate product inventories are lagging. The outlook varies across manufacturing sub-sectors, with positive trends in electrical, wood, glass, stone, and earth industries, contrasted by a weaker outlook in paper, printing, and metal industries.