Free Trial

KOF At Record High in April

SWITZERLAND DATA
MNI (London)

SWISS APR KOF ECON BAROMETER 134; MAR 118

  • The KOF Economic Barometer surged 16pt in Apr to 134.0, surpassing market forecasts (BBG: 119.5) hitting a record high.
  • The index already rose sharply in March to an 11-year high.
  • The increase was driven by the strong manufacturing sector, boosted by international demand.
  • But also the outlook for services, financial and insurance services as well as consumer demand improved significantly in Apr.
  • "Unless the virus takes another volte, economic development is likely to get a strong boost in the near future" the report noted.


Source: ETH Zurich

MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.