KOF Economic Barometer: Moderate increase

In May, the KOF Economic Barometer rises by 1.4 points to a level of 98.5 (after 97.1 in the previous month). The indicator bundle for manufacturing included in the Barometer shows particularly positive developments. The demand-side indicator bundles for foreign demand and private consumption, however, are under pressure.

Within the producing industry (manufacturing and construction), the indicator bundle for the general business situation shows particularly favourable developments. The indicators for exports, production activity, and the competitive situation are also increasing. The indicator bundle for purchases and inventories of intermediate goods, however, indicates a weakened outlook this month.

Within the sub-indicators of the manufacturing industry, the indicators for the chemical and pharmaceutical industry, for the wood, glass, stone and earth segment, for food and beverage producers, as well as for producers of paper and printing products all exhibit positive developments. Yet, the indicators for the textile industry and the metal industry experience a setback.