In July, the KOF economic barometer, which is a leading indicator for future GDP growth, jumped to 1.43 points from the revised 1.15 points recorded in June (previously reported: 1.16 points). As a result, the index climbed to its highest level since August 2011. The monthly jump overshot market expectations, which had seen index rising to 1.24 points. According to the KOF Institute, the positive reading reinforces the notion that GDP growth is likely to gain momentum in annual terms over the next six months. The monthly improvement continues to reflect an increase in the core GDP sub-indicator (which excludes the construction and banking sectors) and in the construction sub-index, albeit at a slower pace. Meanwhile the banking sub-sector reported a sideways movement, according to KOF. According to the June economic outlook, the State Secretariat for Economic Affairs (SECO) expects the economy to expand 1.4%. For 2013, SECO sees economic growth at 1.5%. The Swiss National Bank expects the economy to expand 1.5% in 2012
Switzerland Economic Sentiment
Economic barometer rises to highest level in almost a year
July 27, 2012
Looking for forecasts related to Economic Sentiment in Switzerland? Download a sample report now.
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 August, retail sales contracted a seasonally- and working-day adjusted 3.0% over the same month last year.
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.
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.