Switzerland Economic Sentiment October 2016

Switzerland

Switzerland: Leading economic indicator jumps in October

Switzerland’s KOF economic barometer—a leading composite indicator for the Swiss economy forecasting a six-month period—climbed from 101.6 points in September to 104.7 points in October. The indicator is at an almost three-year high and is well above its long-term average of 100 points.

The KOF Swiss Economic Institute commented that the economic climate was spurred by improvements in the hospitality and manufacturing sectors. Within manufacturing, a much brighter outlook was reported in particular by machine and electrical producers.

The State Secretariat for Economic Affairs (SECO) expects GDP to expand 1.5% in 2016 and 1.8% in 2017. FocusEconomics Consensus Forecast panelists expect GDP to expand 1.4% in 2016, which is up 0.2 percentage points from last month’s projection. For 2017, the panel expects economic growth to accelerate to 1.4%, which is unchanged from last month’s Consensus.


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Switzerland Economic Sentiment Chart


Switzerland Economic Sentiment October 2016

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


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