Switzerland Economic Sentiment


Economic barometer rises in May

The economy is gaining momentum. In May, economic barometer published by the KOF Institute, which is a leading indicator for future GDP growth, rose to 0.81 points from a revised 0.43 points in April (previously reported: 0.40 points), pushing the index to its highest level since September 2011. The print overshot market expectations, which had the index rising to 0.48 points. According to the Institute, the reading suggests that the economy is likely to expand noticeably in annual terms over the next six months. The monthly improvement reflected an increase in the core GDP sub-indicator (which excludes the construction and banking sectors) and in the construction sub-index. According to the Institute, both sectors

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