Switzerland: Leading economic indicator jumps in October
October 28, 2016
Switzerland’s KOF economic barometer—a leading composite indicator for the Swiss economy forecasting a six-month period—climbed from 101.6 points in September to 104.7 points in October. The indicator is at an almost three-year high and is well above its long-term average of 100 points.
The KOF Swiss Economic Institute commented that the economic climate was spurred by improvements in the hospitality and manufacturing sectors. Within manufacturing, a much brighter outlook was reported in particular by machine and electrical producers.