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KOF Economic Barometer: Moderate increase
The KOF Economic Barometer increases in May. After decreasing in the previous month, it remains below its medium-term average. Despite the rise in the KOF Economic Barometer, the outlook for the Swiss Economy remains subdued.
Global Barometers indicate a slowdown in world economy
The Coincident and Leading Barometers decrease for the third consecutive month. This time more markedly, reflecting rising uncertainty due to escalating trade tensions and the prospect of slower growth in several regions.
Swiss companies lowering their forecasts
The KOF Business Situation Indicator for the private sector in Switzerland, which is calculated based on KOF’s Business Tendency Surveys, fell again in April, recording its third consecutive decline. Firms’ business expectations for the next six months show a similar pattern: forecasts are being adjusted downwards for the third month in a row.
KOF Employment Indicator falls to lowest level in four years
The KOF Employment Indicator has fallen again in the second quarter of 2025 and is now at its lowest level since the beginning of 2021, when the Swiss labour market was still being affected by the COVID pandemic. The Swiss labour market is expected to see subdued growth in both the current quarter and the next.