Swiss KOF barometer: June suggests growth in the coming months

In June 2017, the KOF Economic Barometer rises by 3.5 points (from revised 102.0 in May) to 105.5. It thus largely recovers from the substantial decrease in the previous month. Accordingly, the short-term outlook for the Swiss economy suggests above-average growth rates.

The KOF Economic Barometer, with a new reading of 105.5, points visibly above its long-term average in June 2017. The strongest impulses contributing positively to the dynamics of the Barometer stem from manufacturing. At the same time, slightly negative impacts come from the indicators of the constructing sector as well as from the ones for the export development.

Within the manufacturing sector, the improved outlook manifests itself primarily in the wood-processing, food and metal industries. These positive dynamics are somewhat compensated by a more negative outlook by architects.
The improved sentiment in the manufacturing sector is primarily the result of a more optimistic judgment of the incoming orders in June 2017. However, it also reflects an improvement of the indicators for the overall business climate and competitiveness, which has increased again compared to the previous month.