Switzerland Economic Sentiment March 2017

Switzerland

Switzerland: Swiss leading economic indicator continues to climb in March

March 30, 2017

Switzerland’s KOF economic barometer—a leading composite indicator for the Swiss economy forecasting a six-month period—rose from 106.9 points in February to 107.6 points in March. The index moved further above the 100-point threshold which indicates the series’ long-run average.

The KOF Swiss Economic Institute viewed the result as a sign that the Swiss economy will grow at an above-average rate in the near future. In March, the construction sector stood out as a strong driver of the positive sentiment, but also the consumer goods sector and the financial sector improved. Meanwhile, the manufacturing sector was steady in March.

The State Secretariat for Economic Affairs (SECO) expects GDP to expand 1.6% in 2017 and 1.9% in 2018. FocusEconomics Consensus Forecast panelists expect GDP to expand 1.5% in 2017, which is unchanged from last month’s projection. For 2018, the panel expects economic growth at 1.6%.

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Switzerland Economic Sentiment Chart


Switzerland Economic Sentiment March 2017

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


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