Switzerland: Leading economic indicator reaches 16-month high in August
August 31, 2015
Switzerland’s KOF economic barometer—a composite leading indicator for the Swiss economy in the next six months—increased from 100.4 points in July to 100.7 points in August, thus reaching the highest level since April 2014.
The KOF Swiss Economic Institute commented that the increase in the economic barometer in August is mainly driven by an improvement in the manufacturing sector, in particular in the metal and textile sub-sectors. In addition, the financial sector improved over the previous month. On the contrary, the primary and the construction sectors recorded deteriorations over July.
Author: Dirina Mançellari, Senior Economist