Switzerland: KOF Economic Barometer decreases in November
The KOF Economic Barometer came in at 89.5 in November, down from October’s 90.9. November’s result marked the weakest sentiment since June 2020. Consequently, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the Swiss economy.
Novembers downtick was driven by weaker signs regarding accommodation and food services, private consumption and other services.