Switzerland: KOF Economic Barometer deteriorates in March
The KOF Economic Barometer came in at 98.2 in March, down from February’s 98.9. As a result, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the Swiss economy.
In March, there were negative signs from the manufacturing, services and construction sectors. However, these were partially offset by positive developments regarding Swiss exports.