Switzerland Economic Sentiment June 2017

Switzerland

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.

The State Secretariat for Economic Affairs (SECO) expects GDP to expand 1.4% in 2017 and 1.9% in 2018. FocusEconomics Consensus Forecast panelists expect GDP to expand 1.4% in 2017, which is unchanged from last month’s projection. For 2018, the panel expects economic growth at 1.7%.

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Switzerland Economic Sentiment Chart


Switzerland Economic Sentiment June 2017

Note: KOF Economic Barometer Indicator.
Source: KOF Swiss Economic Institute.


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