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28.08.202507:50:55UTC+00Swiss Business Confidence Weakens

In August 2025, Switzerland's KOF Economic Barometer decreased to 97.4, following an upward revision to 101.3 in July, and fell short of market expectations of 98. Most segments of the barometer contributed to this decline, particularly affecting the manufacturing and hospitality sectors. Within the production sector, which includes manufacturing and construction, various sub-indicators showed negative trends, with significant pressure on exports and the overall business climate. This strain was largely attributed to the recent implementation of new U.S. tariffs on Swiss goods. However, this adverse trend was partially mitigated by an improved outlook in the indicator bundle for foreign demand seen during the month.

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