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Switzerland Economic Sentiment December 2023

Switzerland: KOF Economic Barometer increases further in December

The KOF Economic Barometer rose to 97.8 in December from November’s 97.2. December’s result marked the best reading since April. As such, the index moved closer to, but remained below, the long-term average of 100, pointing to a muted near-term outlook for the Swiss economy.

December’s improvement was once again attributed to more positive manufacturing sector and construction activity readings. That said, indicators for the textile, electrical and mechanical engineering industries capped the overall improvement.

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