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Switzerland Economic Sentiment July 2018

Switzerland: Economic sentiment broadly steady in July

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.

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