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
Switzerland Economic Sentiment
Economic barometer rises in May
May 30, 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.