KOF Economic Barometer: Stable outlook for the end of the year
In October, the KOF Economic Barometer remains at an almost unchanged level and stands now at 95.8 points. It thus remains slightly below its long-term average. Together with the small movements of the Barometer since the summer, this indicates a weak but stable development of the Swiss economy towards the end of this year.
The KOF Economic Barometer stands at 95.8 points in October, 0.1 points lower than in September. The slight decline is primarily attributable to bundles of indicators from the manufacturing sector and to indicators concerning foreign demand. Indicators from the finance and insurance sector and the hospitality sector are sending positive signals.
In the goods producing sector (manufacturing and construction), indicators concerning the order backlog situation in particular developed negatively in October, followed by the assessment of the production situation and the situation for intermediate products. Bundles of indicators covering the business situation and production capacity sent out positive signals.
Within the manufacturing sector, indicators for the food and beverage producing sector, for the textile industry and for the metal industry are mainly responsible for its negative development. By contrast, indicators for the paper and printing sector and the wood, glass, stone and earth sector are sending a slightly positive signal.
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