Switzerland Economic Sentiment November 2016

Switzerland

Switzerland: Leading economic indicator dips in November

November 30, 2016

Switzerland’s KOF economic barometer—a leading composite indicator for the Swiss economy forecasting a six-month period—fell from 103.9 points in October to 102.2 points in November, although it still remained above the 100-point threshold which indicates the series’ long-run average.

The KOF Swiss Economic Institute commented that the fall was due to a worsened outlook in the hotel, catering and manufacturing sectors, while the sentiment in the financial services sector improved.

The State Secretariat for Economic Affairs (SECO) expects GDP to expand 1.5% in 2016 and 1.8% in 2017. FocusEconomics Consensus Forecast panelists expect GDP to expand 1.4% in 2016, which is unchanged from last month’s projection. For 2017, the panel expects economic growth to accelerate to 1.5%, which is up 0.1 percentage points from last month’s forecast.

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Switzerland Economic Sentiment Chart


Switzerland Economic Sentiment November 2016

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


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