Switzerland: Swiss leading economic indicator unchanged in December
December 23, 2016
Switzerland’s KOF economic barometer—a leading composite indicator for the Swiss economy forecasting a six-month period—remained at November’s 102.2 points in December. As a result, the index remains above the 100-point threshold which indicates the series’ long-run average.
The KOF Swiss Economic Institute commented that the manufacturing industry improved but that it was dragged down by a deterioration in the construction sector. Other industries reported an unchanged outlook. The Institute concluded that the moderate economic expansion in Switzerland is expected to continue in the next six months.