The September KOF economic barometer, which is a leading indicator for future GDP growth, rose to 1.67 points from the revised 1.59 points recorded in August (previously reported: 1.57 points). The index climbed to its highest level since July 2011 and beat market expectations, which had seen the indicator falling to 1.50 points. Nonetheless, according to the Institute, "the dynamic of the KOF Economic Barometer that was observed in the recent months is decelerating", thus reinforcing the notion that GDP growth may lose some momentum in the coming months. The monthly improvement reflected an increase in the core GDP sub-indicator (which excludes the construction and banking sectors) as well as in the banking sub-gauge. Meanwhile, according to the KOF, the construction component showed "a sideways movement".
Switzerland Economic Sentiment
Economic barometer rises to highest level in over one year
September 27, 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.