The KOF Economic Barometer continues in December its upward movements of the previous months. At the end of this year, the outlook for the Swiss economy for the start of 2026 is above average.
In December, the KOF Economic Barometer increases by 1.7 points to a level of 103.4 (after 101.7 in the previous month). The positive developments are reflected in the production side indicator bundles included in the Barometer. A particularly favourable outlook is shown by the indicators for manufacturing. Among the demand side indicators however, both the indicator bundles for private consumption as well as for foreign demand are under pressure.
The majority of the sub-indicators within the producing industry (manufacturing and construction) exhibit positive developments. The sub-indicators for employment prospects, for stockpiling of intermediate goods, as well as for the general business situation show a particularly bright outlook. The sub-indicators for production activity and for order backlogs, however, are weakening.
Many of the sub-indicators within manufacturing reflect the positive developments. In particular, the sub-indicators for the metal industry as well as for the wood, glass, stone and earth segment strengthen. The favourable outlook is slightly dampened by weakened developments of the sub-indicators for food and beverage producers as well as for the chemical and pharmaceutical industry.