Switzerland: KOF Economic Barometer increases in January
The KOF Economic Barometer jumped to 97.2 in January from December’s 91.5. Despite improving, the indicator remained below the long-term average of 100 and pointed to a muted near-term outlook for the economy. January’s result marked the best performance since June 2022 and was characterized by increases in all subindices. Notably, the hospitality sector indicator jumped above the 100.0 average mark.