Switzerland Economic Sentiment


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.

The State Secretariat for Economic Affairs (SECO) expects GDP to expand 2.1% in 2015. For 2016, SECO sees economic activity strengthening and expects GDP to expand 2.4%. Meanwhile, the Swiss National Bank expects economic growth of around 2.0% in 2015. FocusEconomics Consensus Forecast panelists expect GDP to expand 1.1% in 2015, which is down 0.7 percentage points from last month’s projection. For 2016, the panel expects economic growth to accelerate slightly to 1.4%.

Author:, Senior Economist

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Switzerland Economic Sentiment Chart

Switzerland Economic Sentiment October 2015

Note: KOF Economic Barometer Indicator.
Source: KOF Swiss Economic Institute.

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