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- Switzerland: KOF economic indicator unchanged
Switzerland: KOF economic indicator unchanged
In June, the value of the KOF Economic Barometer continued to be above its historical average. It reached a value of 102.4 compared to 101.8 (revised from 102.9) in May. Overall, the KOF Economic Barometer indicates a stable condition of the Swiss economy.
Positive impetus for the development of the Barometer in June came from the indicators related to export opportunities for Swiss companies and from the indicators of construction activity, the positive development here being mainly driven by project engineering bureaus. In the actual construction industry, the situation is unchanged. Within the manufacturing sector the prospects for mechanical engineering brightened. For chemistry and food manufacturers the outlook, however, is not as good as before. The perspectives for private consumption as well as for the banking industry worsened.
In the manufacturing sector, in particular the stock and the business situation had a negative effect. Positive signals came, however, from production and to a lesser extent from the order books and the intermediary products.
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