Switzerland: KOF Economic Barometer records worst reading since February 2021 but remains in positive territory in February
The KOF Economic Barometer came in at 105.0 in February, down from January’s 107.2. February’s result marked the weakest sentiment since February 2021. Consequently, the index remained above the long-term average of 100, pointing to a positive near-term outlook for the Swiss economy.
February’s softer reading was driven by weaker signs regarding manufacturing and the financial sector. In contrast, signs from the export sector improved, although data was collected before the Ukraine crisis erupted.