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.