The KOF economic barometer - which is a leading indicator for future GDP growth - fell to 1.50 points in November, down from the revised 1.64 points in October (previously reported: 1.67 points). The decline, which undershot market expectations, suggests that the economy may lose momentum going forward. According to KOF, the core GDP sub-indicator (which excludes the construction and banking sectors) declined over the previous month, signalling gloomier economic prospects in the coming months. At a sector level, the construction sub-gauge is now pointing to a weakening in construction activity in the coming months, while the banking component rose, indicating improving prospects within the sector.
Switzerland Economic Sentiment
Economic barometer declines for second consecutive month
November 30, 2012
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Switzerland Economic Sentiment Chart
Note: KOF Economic Barometer Indicator.
Source: KOF Swiss Economic Institute.
Switzerland Economic News
October 6, 2016
In September, consumer prices increased 0.1% from the previous month, just under market expectations of 0.2%, in a timid rebound from August’s 0.1% decrease.
October 3, 2016
In September, the manufacturing Purchasing Managers’ Index (PMI) produced by Credit Suisse and procure.ch came in at 53.2 points, beating August’s 51.0 points.
October 3, 2016
In August, retail sales contracted a seasonally- and working-day adjusted 3.0% over the same month last year.
September 30, 2016
Switzerland’s KOF economic barometer—a leading composite indicator for the Swiss economy forecasting a six-month period—edged up from 99.7 points in August to 101.3 points in September.
September 15, 2016
At its 15 September meeting, the Swiss National Bank (SNB) decided to maintain the target range for the three-month Libor at between minus 1.25% and minus 0.25%, which met market expectations.