Switzerland: Leading economic indicator rises in June
June 30, 2017
The KOF economic barometer—a leading composite indicator for the Swiss economy forecasting a six-month period—made gains in June, recovering from its substantial fall in the previous month. The index rose from May’s revised 102.0 points (previously reported: 101.6 points) to 105.5. The index now sits well above the 100-point threshold, which indicates the series’ long-run average.
According to the KOF Swiss Economic Institute, the improvement was propelled by more optimistic sentiment regarding the manufacturing sector, owing to a strengthened outlook on new orders. This offset the slightly negative impacts stemming from businesses’ less favorable assessments of the construction and export sectors.