Switzerland: Leading economic indicator deteriorates further in October
October 30, 2015
Switzerland’s KOF economic barometer—a composite leading indicator for the Swiss economy in the next six months—dropped from 100.3 points in September to 99.8 points in October. The figure marked the lowest level in three months.
The KOF Swiss Economic Institute commented that the decrease in the economic barometer in October was mainly driven by negative developments in the banking, construction and hotels sectors. Within the manufacturing sector, negative tendencies were observed in the electrical, food and textiles sub-sectors. On the contrary, positive developments were recorded in the indicators related to the metal, wood and chemistry sub-sectors.
Author: Dirina Mançellari, Senior Economist