January

The KOF Economic Barometer starts in 2019 with 95 points. It has fallen for the fourth time in a row and is now 5 points below its long-term average. The downward tendency that emerged at the end of last year continues. The economic outlook for Switzerland continues to dampen at the beginning of 2019

The KOF MPC figure for 24 January 2019 is 0.34. The ECB repeated its confidence in the sustained convergence of inflation to the aim even after the end of net asset purchases.

Economic activity in the euro area is slowing down. In Q42018 and the first two quarters of 2019, the economy is only expected to grow by 0.3 percent respectively, according to the latest forecast by the three research institutes ifo (Munich), KOF (Zurich) and Istat (Rome).