Switzerland: Leading economic indicator is virtually unchanged in March
March 30, 2016
Switzerland’s KOF economic barometer—a composite leading indicator for the Swiss economy in the next six months—inched down from 102.6 points in February to 102.5 points in March. The indicator has hovered above its long-term average for the last three months.
The KOF Swiss Economic Institute commented that the positive result in the economic barometer in March was mainly attributed to positive signals from private consumption. Conversely, the manufacturing and export-related indicators were negative. The pessimistic sentiment in manufacturing is mainly driven by a bleak outlook for the textile industry. Overall, the Swiss economy is expected to maintain its favorable development.