Switzerland: KOF economic barometer rebounds in December
December 30, 2019
The KOF economic barometer—a leading composite indicator for the Swiss economy—rebounded to 96.4 points in December from November’s revised 92.6 points (previously reported: 93.0 points). This marked the highest reading since April, although the indicator remained below the series’ long-run average of 100 points, suggesting the economy will expand at a weaker pace in the short-term than the long-run average rate.
December’s rise was due in particular to improving dynamics in the manufacturing sector, with indicators for the service sector and foreign demand also encouraging.
Author: Oliver Reynolds, Economist