July
Another decline of the KOF Economic Barometer – Swiss economy nevertheless on the road to recovery
In July, the KOF Economic Barometer falls further below its May peak. Despite this second decline in a row, the barometer level is clearly above the long-term average. The economy is still on a strong expansion path, although the high pace of recent months may not to be sustained.
KOF Monetary Policy Communicator, July 2021
The KOF MPC figure for 22 July 2021 is 0.24. At today’s meeting, the ECB’s Governing Council has underlined its commitment to maintain a persistently accommodative monetary policy stance to meet the ECB’s inflation target.
Global Barometers: Downward corrections at high levels
The Global Economic Barometers fell in July, following the tendency already indicated by the Leading Global Barometer in the previous month. Despite the monthly downward development, both indicators remain at high levels, compatible with the continued phase of recovery of global economic activity in 2021. However, the current and future perspectives in the three investigated regions have cooled somewhat.