Switzerland: KOF Economic Barometer increases in September but remains downbeat
The KOF Economic Barometer rose to 93.8 in September from August’s 93.5. Consequently, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the Swiss economy.
The slight uptick was due to indicators for the manufacturing sector. In contrast, indicators from the finance and insurance sector and for foreign demand were weak.