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.