Switzerland: Leading economic indicator inches down in September
September 30, 2015
Switzerland’s KOF economic barometer—a composite leading indicator for the Swiss economy in the next six months—decreased from 101.2 points in August to 100.4 points in September. August’s reading had marked the highest level since April 2014.
The KOF Swiss Economic Institute commented that the decrease in the economic barometer in September was mainly driven by negative developments in the manufacturing and construction sectors. More specifically, within the manufacturing sector, negative tendencies were observed in the chemical, food and wood processing as well as in the textiles sub-sectors. On the contrary, positive developments were recorded in the indicators related to the assessment of inventories.
Author: Dirina Mançellari, Senior Economist