The August KOF economic barometer, which is a leading indicator for future GDP growth, rose to 1.57 points from the revised 1.41 points recorded in July (previously reported: 1.43 points). The index climbed to its highest level since August 2011 and exceeded market expectations, which had the indicator improving to 1.50 points. According to the Institute, the positive reading reinforces the notion that GDP growth will gain steam in annual terms over the next six months. The monthly improvement was broad-based, reflecting an increase in the core GDP sub-indicator (which excludes the construction and banking sectors) as well as in the construction and banking sub-gauges. According to KOF, all three components "give positive impulses to the dynamics of the barometer".
Switzerland Economic Sentiment
Economic barometer jumps to highest level in one year
August 29, 2012
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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.