Switzerland: Leading economic indicator hits seven-month low in November on disappointing developments in manufacturing
November 30, 2015
Switzerland’s KOF economic barometer—a composite leading indicator for the Swiss economy in the next six months—dropped from 100.4 points in October to 97.9 points in November. The figure marked the lowest level in seven months.
The KOF Swiss Economic Institute commented that the decrease in the economic barometer in November was mainly driven by negative developments in the manufacturing sector. Within the manufacturing sector, negative tendencies were observed in the metal and electrical industries. On the contrary, positive developments were recorded in the construction sector.
Author: Dirina Mançellari, Senior Economist