Switzerland Economic Sentiment January 2017

Switzerland

Switzerland: Swiss leading economic indicator cools slightly in January

January 30, 2017

Switzerland’s KOF economic barometer—a leading composite indicator for the Swiss economy forecasting a six-month period—declined from December’s 102.1 points to 101.7 points in January. Nonetheless, the index remains above the 100-point threshold, which indicates the series’ long-run average.

The KOF Swiss Economic Institute assessed the latest result as an indication of stable growth in Switzerland. Looking at the sectors, the manufacturing industry improved, while the construction industry reported a deterioration in business conditions. The remaining sectors signaled steady development.

The State Secretariat for Economic Affairs (SECO) expects GDP to expand 1.8% 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 to accelerate to 1.6%.

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Switzerland Economic Sentiment Chart


Switzerland Economic Sentiment January 2017

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


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