KOF Barometer: Swiss economy continues to have a favorable outlook

9 years ago - Published in Finance, Forex

The outlook for the Swiss economy improved slightly in May: the barometer of the economic research center at ETH Zurich (KOF) stood at 102.9 points, 0.3 points more than in April (revised indicator from 102,7 to 102.6).

The figure is in line with forecasts: the analysts interrogated by the agency AWP betting on an index of 102.0 and 103.0 points. Since last February, the barometer is moving steadily above the long-term average: this suggests a continuation of the positive economic development in the coming months, the KOF said in a statement today.
In May, favorable signals were from industry, from the business and from the branch export-oriented sector. Indicators of consumption have by contrast revealed a negative movement. The construction sector offers slightly positive impulses, about the architectural and engineering studies, while for construction signs are bad.

Even within the industry KOF shows an uneven picture. They are in good shape the construction of machines, the metal sector and the paper. Negative signals arrive on the other hand this time by the chemical and electronics.