KOF Economic Barometer virtually unchanged at the end of the year
The KOF Economic Barometer fell only slightly in December and now stands at 107 points. The barometer remains above its long-term average. The Swiss economy should thus continue to develop positively at the beginning of 2022, if the economic activity is not impaired by the renewed spread of the virus.
The KOF Economic Barometer stands at 107 points in December, half a point lower than in November (revised from 108.5 to 107.5 points). This month, the barometer is mostly influenced by indicators covering private consumption, which are slightly negative. Another slight negative contribution is sent by bundles of indicators from the finance and insurance sector. In contrast, indicators for foreign demand are contributing positively.
In the goods producing sector (manufacturing and construction), indicator bundles assessing the order backlog make a weak negative contribution. Similarly, the indicator bundles for assessing production point in a negative direction. However, indicators assessing the employment outlook and the situation for intermediate goods are positive. Overall, the picture for the manufacturing sector is balanced.
In the manufacturing sector, indicators for the textile industry and for the food and beverage sector are making a positive contribution. This is counterbalanced by indicators for the paper and printing sector and for the chemicals, pharmaceuticals and plastics sector.
Data and Graphs
The full press release can be found Download here (PDF, 365 KB).
Detailed information regarding the KOF Economic Barometer can be found here.
Contact
KOF FB Data Science und Makroök.
Leonhardstrasse 21
8092
Zürich
Switzerland