04

The KOF Economic Barometer falls strongly in April. After an increase in the previous month, it now drops below its medium-term average for the first time this year. The outlook for the Swiss Economy is considerably subdued.

The KOF MPC figure for 17 April 2025 is -0.18. At today’s meeting, the ECB’s Governing Council decided to lower the three key ECB interest rates.

The Coincident Barometer decreases for the second consecutive month and returns to the level of September 2024. The fall in the Leading Barometer keeps the indicator generally slightly above 100 points, a tendency that has been observed since May 2024. However, the recent escalation in the trade tensions is not reflected in the data.