Switzerland Economic Sentiment May 2017

Switzerland

Switzerland: Swiss leading economic indicator drops in May

May 30, 2017

Switzerland’s KOF economic barometer—a leading composite indicator for the Swiss economy forecasting a six-month period—decreased from 106.3 points in April to 101.6 points in May. The index is now only marginally above the 100-point threshold which indicates the series’ long-run average.

According to the KOF Swiss Economic Institute, businesses’ assessment of the economy deteriorated in May, mainly in the manufacturing sector, where new orders and competitiveness weakened. Moreover, both external and domestic demand eased and dragged on the overall result.

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 1.4% 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 May 2017

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


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