Switzerland: Economic sentiment broadly steady in July
July 30, 2018
In July, the KOF economic barometer—a leading composite indicator for the Swiss economy forecasting a six-month period—inched down from 101.3 points in June to 101.1. The index currently lies slightly above the series’ long-run average of 100 points, which indicates slightly better-than-average economic activity in coming months.
July’s marginal decrease reflected a negative contribution from the manufacturing, export industries and accommodation and food services, which dragged on the improved outlook in the construction and banking sectors.