Switzerland Economic Sentiment


Economic barometer declines for second consecutive month

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.

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Switzerland Economic Sentiment Chart

Switzerland Economic Sentiment November 2012

Note: KOF Economic Barometer Indicator.
Source: KOF Swiss Economic Institute.

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