Switzerland: Leading economic indicator improves again in February
February 29, 2016
Switzerland’s KOF economic barometer—a composite leading indicator for the Swiss economy in the next six months—increased from 100.4 points in January to 102.4 points in February, thus marking the highest level in nine months.
The KOF Swiss Economic Institute commented that the increase in the economic barometer in February was mainly attributed to an improvement of the sentiment in the manufacturing industry, in particular the indicators for the metal and chemistry industries. Moreover, the financial sector also increased over the previous month. Conversely, the indicators related to the construction sector deteriorated compared to January.
Author: Dirina Mançellari, Senior Economist